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Apple's Sales Impress Again

News updates all day from your Fast Company editors.

Late yesterday Apple revealed its last quarterly sales, and they were again impressive enough to beat Wall Street's expectations. Delivering $39.2 billion in revenues, up nearly 59% on last year's figure of $24.7 billion, the firm also saw its net profits rise by 94% to $11.6 billion. That was on bigger-than-expected sales of iPhones, with 35.1 million units sold, and 11.8 million iPads—up 151% on last year's figure. Apple Stores delivered $4.4 billion of Apple's sales, and the company now has around $110 billion in cash in the bank—ready to deliver on Tim Cook's recent promise of share dividends and buybacks.

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