Apple iPad
Booming iPad and iPhone sales boosted Apple's profits during the final quarter of 2010

Steve Jobs may be taking a leave of absence from the helm at Apple on medical grounds, but the company is in rude health, reporting record profits of $6bn in the final quarter of 2010. Revenues rose by 70% to $26.74bn.

During the same period, Apple sold a whopping seven million iPads and 16.24m iPhones. Sales of iPods were equally healthy at 19.45 million units.

""We had a phenomenal holiday quarter, with record Mac, iPhone and iPad sales," says Jobs. "We are firing on all cylinders and we've got some exciting things in the pipeline for this year, including iPhone 4 on Verizon [in the US]."

Tim Cook, Apple's chief operations officer, will stand in for Jobs while he is on leave.

More after the break

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