Friday
Oct262012
Apple sells 26.9 million iPhones in record 4th quarter revenue and profit
Friday, October 26, 2012 at 6:45AM 
Still buzzing from a slew of huge product announcements last week inclduding the much awaited ipad mini, Apple announced financial results for its fiscal 2012 fourth quarter ending September 29, 2012.
Apple posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.