Apple Announce Record Turnover Despite iPhone 4 Problems
The latest financial figures released by Apple reveal that the company has once again beaten its own record profit, reporting $15.7 billion in revenue for the 2010 financial year and a quarterly profit of $3.35 billion.
Apple’s revenues have been boosted by increased Mac and iPhone sales. 3.47 Mac’s were sold this quarter and 8.4 million iPhones – up by 60% from last year – were sold in the same period. Apple also sold 3.27 million iPad‘s.
The iPhone 4 – which has caused controversy over the way it loses signal when held a certain way – has been dubbed “the most successful product launch in Apple’s history” by CEO Steve Jobs, who added that it had been “a phenomenal quarter that exceeded our expectations all around.”
The growth is in no small part due to international sales. Despite being the second most valuable company in the United States, 52% of Apple’s quarterly revenue came from overseas.