Apple quarterly profit hits $8 billion

As if anyone is surprised, Apple is doing rather well financially at the moment and has announced that for the fourth quarter of 2012, it has made a profit over $8.2 billion. Compared with the same period last year, things are on the up, as it made ‘only' $6.6 billion.

If you thought those were large numbers however, feast your eyes on the total revenue Apple generated in three months ending on 29th September: $36 billion. In comparison, year on year that's an increase of nearly $8 billion.

Of course you wouldn't expect an announcement like this without some of the higher ups at the fruity firm making a quick statement or two. CEO Tim Cook said: “We're very proud to end a fantastic fiscal year with record September quarter results. 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.”

Taking into consideration the recent release of the iPhone 5, it's hardly unexpected that Apple has generated a lot of capital recently. However, with reports that Samsung Smartphones are outselling Apple devices by up to two to one and some of the recent turnarounds in court, we might not see Apple dominance last for much longer.

KitGuru Says: What do you guys think the near future holds for Apple? Continued dominance? A fall from grace? Let us know.

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