Apple Fourth Quarter results are out. Net income for the quarter rose to $1.78 a share, or $1.61 billion, from $1.16 a share, or $1.05 billion, during the year-ago period. That's 39 cents better than the $1.39 per share analysts had expected. Sales rose to $10.17 billion from $7.5 billion during the year-ago quarter. Analysts had expected sales of $9.7 billion. Adjusted for the effects of the subscription-based accounting scheme used to tally sales of iPhones, however, and Apple's numbers are even more impressive: Earnings of $2.3 billion on sales of $11.8 billion.
Chief Operating Officer Tim Cook described the company's employees as "wicked smart," and said Apple's values are "well entrenched."
http://www.forbes.com/2009/01/21/apple-cook-earns-tech-enter-cx_bc_0121applecook.html
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