Did you know you can cook bread with steam?
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Despite a shortage of iPhone 5 smartphones Apple has posted a quarterly revenue of $36 billion and a net profit of $8.2 billion for the quarter ending in September.The US Company, who is still achieving a gross margin of 40 percent compared to 40.3 percent in the year-ago quarter, had revenues of $28.3 billion and net profit of $6.6 billion in the same quarter last year.
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Apple CEO Tim Cook. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”
Apple CFO Peter Oppenheimer noted that Apple has generated over $41 billion in net profits and $50 billion in operating cash flow in its fiscal 2012. He expects revenue to reach $52 billion in the first fiscal quarter of 2013, which will include the holiday shopping season.
More to follow.
