Apple Hits Record Profits

The Macbook Air and The iMac - Credit: Apple.com

It appears that while the whole world is experiencing economic crisis and while major electronics companies are closing facilities here and there, Apple is still doing quite well.

The company hit a record $1.61B profit with $10.17B in revenue last quarter. Sales increased with 2.5 Million Macs (up 9%), 22.7 Million iPods (up 3%) and 4.3 Million iPhones sold (up 88%!). It also achieved its goal of selling 10 Million iPhones by the end of 2008 -- a feat tremendously amazing on its own.

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