Wednesday, January 25, 2012

Apple’s Profit Doubled on Holiday Customers Snapping Up iPhones - NYTimes.com

More Apple stats

With the 37 million iPhones that customers snapped up over the holidays, Apple has sold 183 million of the devices since the product went on sale in 2007.  Revenue from the iPhone and iPad — neither of which could be bought five years ago — now accounts for 72 percent of Apple’s total revenue, underscoring the transformation of the company.

And although phones based on Google’s Android operating system had been gaining more customers in recent years, Apple has begun to chip away at some of the advantages of these phones, narrowing Android’s lead in the United States over the holidays.

[…]

The rosy results sent Apple shares soaring more than 7 percent in after-hours trading to more than $450 each. The jump increased the total value of Apple’s shares to more than $426 billion, pushing its market value past that of Exxon Mobil and making it the most highly valued company.

Apple’s Profit Doubled on Holiday Customers Snapping Up iPhones - NYTimes.com

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