Apple Quarterly Report Shows New Highs

It seems that almost every quarter Apple breaks new records. With $46 billion in revenue and $13 billion in net profit the 20122 holiday quarter was more than twice as profitable as 2010.
More than half of Apple’s revenue comes from the iPhone which sold 37 million units. iPad sales totaled more than 15 million. Also more than 5 million Macs were sold, a new record for a quarter. The Mac sales broke down into 3.7 million MacBooks and 1.5 million desktops.
Apple also now has almost $100 billion in cash. Speculation is rising that Apple may soon make some large purchases.
Apple’s CEO Tim Cook also talked about the success of iCloud. There are 85 million iCloud users, even though the service is only about three months old. He said that iCloud will be a key part of Apple’s strategy for the next decade.