Despite low iPad sales, Apple makes a nice profit

Despite low iPad sales, Apple makes a nice profit

Apple appears to be surviving the financial storm, but with some hiccups. In its fiscal fourth quarter, the corporation recorded record-high sales of $90.1 billion, with a net profit of $20.7 billion. While these were relatively minor improvements over the same period last year (revenue was up ‘only’ 8%), they came amid a challenging economic environment and near-flat sales growth in the prior quarter.