Apple's profit rises 70 pc in Q4 on iPhone sale

Apple's profit rises 70 pc in Q4 on iPhone sale

The company had a net profit of USD 2.53 billion in July to September quarter of 2009, Apple said in a statement. The maker of iPhones generated a record revenue of USD 20.34 billion in the fourth quarter ended September 25, 2010 as compared to a revenue of USD 12.2 billion in the year -ago period.

"We are blown away to report over USD 20 billion in revenue and over USD 4 billion in after-tax earnings, both all -time records for Apple," the company's CEO Steve Jobs said.

During the quarter, Apple sold 14.1 million iPhones in the quarter, representing 91 percent unit growth over the year-ago quarter. "iPhone sales of 14.1 million were up by 91 percent year- over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year," Jobs added.

Besides, Apple sold 3.89 million Macs, a 27 per cent unit increase from the year earlier. The company also sold 4.19 million iPads during the quarter. However, sales of iPods declined by 11 per cent from year-ago period to 9.05 million during the quarter under review.

Looking ahead to the first fiscal quarter of 2011, the tech firm expects revenue of about USD 23 billion. Meanwhile, the company said it has generated about USD 5.7 billion in cash flow from its operations during the quarter.