Apple reports quarterly profit of $13.1bn - - one of the biggest in US corporate history
Jan 25th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Apple on Tuesday reported results for the first quarter ending after the death of co-founder Steve Jobs, hitting new sales and profit records as demand for iPhone and iPad tablet devices soared. The world's most valuable tech company posted one of the most profitable quarters for a US corporation, at $13.1bn on sales of $46.3bn. ExxonMobil had a profit of $14.8bn in the third quarter of 2008 but on nearly $140bn in revenue to generate that income, according to The Wall Street Journal.