Apple's profits more than double during last quarter of 2011

Apple announced their highest ever quarterly profits yesterday ( January 24 ). In the 14 weeks leading up to December 31, 2011, the company recorded quarterly revenues of USD 46.33 billion and set a record quarterly net profit of USD 13.06 billion – up nearly 120 percent on the USD 6 billion for the same period in 2010. Apple CEO Tim Cook said “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” and promised some “amazing new products” soon.

Apple's iPads and iPhones were their best performing products with sales up 111 and 128 percent respectively on the same quarter last year. Sales of Mac computers were also up, albeit by a more modest 26 percent, but iPod sales were down 21 percent. International ( outside the US ) sales accounted for 58 percent of the total for the quarter. Liam Lever, liam@romania-insider.com (photo source: Apple)