Apple reported record quarterly revenue of $46.33 billion and a record net profit of $13.06 billion for its fiscal first quarter ending Dec. 31, up from $26.74 billion in revenue and a $6 billion profit from the year-ago quarter.
Online spending for the first 42 days of the November–December 2011 holiday spending season has reached $26.8 billion, up 15 percent compared to the corresponding days last year, and online spending for the week ending Dec. 11 totaled $6.1 billion, also up 15 percent compared to last year, according to a comScore report.
Apple reported quarterly revenue of $28.27 billion and a net profit of $6.62 billion for the fourth quarter ending Sept. 24, up from $20.34 billion in revenue and a $4.31 billion profit from the year-ago quarter, but below analysts' revenue expectations of $29.4 billion.
Contract negotiations over health care and pension security between the American Federation of Television and Radio Artists and record labels have ended after the two parties were unable to reach an agreement.
