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Phoenix666 [soylentnews.org] writes:

Apple logged another healthy rise in sales and profits [computerworld.com] for its most recent quarter on the strength of record iPhone sales and strong results for Macs.

The company's revenue rose 22 percent from a year earlier to $51.5 billion in the fiscal fourth quarter ended Sept. 26. Sales of iPhones reached a fourth-quarter record, and the company said it sold more Macs than ever. Sixty-two percent of revenue came from outside the U.S., and revenue in China nearly doubled.

The company's profit grew even more strongly than sales, up 31 percent to $11.1 billion, or $1.96 per share. For the full year, Apple made $53.4 billion.

Both sales and profit beat the consensus forecast of analyst polled by Thomson Reuters.

What will Apple do with its mounting pile of cash?

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