As quoted in The Next Web, Apple's success is only rivaled by the South Korean vendors, Samsung. Business profit in the fourth quarter of 2011 rose 73 percent to 4.5 billion U.S. dollars with sales of around 35 million mobile phones, mobile phone sales close at 37.04 million units Apple iPhone.
Apple earnings jumped sharply
Apple's record of earnings or profits during the year 2011 amounting to 13.06 billion U.S. dollars, up 118% from the same period in 2010. The increase in profit was bolstered by iPhone sales reaching 53 percent of Apple's revenue.
The rest, revenue contributed from Apple iPad (20 percent), Mac (14 percent), iPod (5 percent), iTunes (4 percent) and others (3 percent).
Based on financial statements from Apple, Apple's net income rose 73.2 percent from 26.74 billion U.S. dollars to 46.33 billion U.S. dollars.
Throughout last year, Apple successfully sold 37.04 million iPhone units, up 128 percent compared to the year 2010, the iPad sold 15.43 million units (up 111 percent over last year) and Macs sold 5.2 million units (up 26 percent). However, there is a decline in sales for the iPod by 21 percent to 15.4 million.
"We are pleased with the results of sales of the iPhone, iPad, and Mac remarkable. The momentum is very strong with Apple's product line that has been presented in the last year," said Apple CEO Tim Cook.
Chief Financial Officer (CFO) Peter Oppenheimer, Apple added it is still pocketing cash funds amounting to 17.5 billion U.S. dollars of business activity during December 2011. Predictions, Apple's revenue would increase to 32.5 billion U.S. dollars.
