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Holiday Sales Help Boost Apple's Profits

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Holiday Sales Help Boost Apple's Profits

Business

Holiday Sales Help Boost Apple's Profits

Holiday Sales Help Boost Apple's Profits

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The company earned $13.1 billion in the quarter ended Dec. 31, a record. Sales of iPads were also up — soaring 111 percent from the same quarter a year earlier.

STEVE INSKEEP, HOST:

There's been no change in fortunes lately for Apple. The consumer electronics company keeps churning out record profits. And yesterday, Apple said its profit for the last three months of 2011 more than doubled, to about 13 billion dollars - profits driven by strong sales of iPhones and iPads during the holidays.

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