Apple's $46 billion sales set new tech record

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Source: cnn money

Apple's $46 billion sales set new tech record
By David Goldman @CNNMoneyTech January 24, 2012: 5:29 PM ET

NEW YORK (CNNMoney) -- {snip}

Apple sold a stunning 37 million iPhones last quarter, twice what it sold in the same period a year ago. IPad sales doubled to a record 15.4 million. Apple moved 5.2 million Macs, the first time Apple sold more than 5 million of its PCs in a quarter. The company also sold 15.4 million iPods during the holiday quarter, which ended Dec. 31

Apple's stellar quarter generated sales of $46.3 billion, a tech industry record. That's up 73% from a year ago, and it easily topped Wall Street analysts' $38.9 billion median forecast, according to a Thomson Reuters poll.

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It was one of the most profitable quarters ever for any U.S. company, trailing only ExxonMobil's (XOM, Fortune 500) record-setting $14.8 billion quarter from the fall of 2008, when oil prices were at an all-time high.

Apple is sitting on most of those profits. It now has $97.6 billion in cash.

Read more: http://money.cnn.com/2012/01/24/technology/apple_earnings/?source=cnn_bin