Apple reported record income of $46.34 billion for the quarter ended Dec. 31 which was73% higher compared to last year's fourth quarter report. The net income was $13.87 a share, up 116% from a year earlier.
Sales were added by increasing demand for the iPhone and iPad. Apple sold 37.04 million iPhones, 15.43 million iPads, 15.4 million iPod media players and 5.2 million Macintosh computers. Sales of Mac computers grew 26% from a year earlier compared with no growth for the general PC market overall,
Apple is the most valuable technology company with a market value of over $400 billion and nearly $100 billion in cash reserves.
