Apple has $25 Billion in the bank, with no debt
Apple just Reported its Fourth Quarter Results… Interesting and amazing numbers!
Some of the highlights
- Apple reached its goal of selling 10 million iPhones in 2008
- Apple sold more iPhones this quarter than RIM did Blackberry’s
- Apple sold more Macs this quarter (2.6 million) than they did in any other previous quarter
- Apple set a record for most iPods sold in a non-holiday quarter
- Apple will sell its 200 millionth app from the iPhone app store tomorrow
From the Apple press release, Steve Jobs noted:
“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone—we sold more phones than RIM. We don’t yet know how this economic downturn will affect Apple. But we’re armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt.”
More at EdibleApple.com, and Apple’s press release.
