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Apple surpasses $20 billion in revenue this quarter

It’s that time of year again when Apple holds their quarterly earnings call. As usual, this call was full of interesting and large numbers. To start, Apple was able to reach $20.34 billion in revenue this quarter, with $4.31 billion in profits. These numbers were helped by the surprising amount of products Apple sold this quarter. Here they are: 3.89 million Macs, 14.1 million iPhones, 9.05 million iPods, and 4.19 million iPads. Wow.

Apple holds third quarter results call, reports record profits

Apple has announced their financial results for the third fiscal quarter of 2010. With the launch of the iPad and iPhone 4, Apple posted record numbers, with $15.7 billion in revenue and a net quarterly profit of $3.25 billion. One year ago, in the same quarter, Apple posted $9.73 billion in revenue and $1.83 billion in profit. It seems Apple, despite all the recent negative press about the iPhone 4, continues to utterly dominate, posting record highs in profit and units sold.

Palm shoots back at Apple already – sort of

The Palm Pre has yet to be released, and there is already tons of talk about Apple, Palm, intellectual property (IP), and all the other goodies that come along with introducing new products that could be considered similar to others. You probably remember Tim Cook’s statement earlier this week on their conference call about their IP and competition (or shall I say, about the Pre, specifically). On top of that news, there are a couple comments from Palm spokeswoman Lynn Fox to take into consideration.

Apple’s thoughts on the Palm Pre, from Tim Cook himself

Apple had their official conference call with Wall Street this week that detailed their earnings for this most recent quarter, as well as some other interesting news and questions. One of the more interesting questions was about the Palm Pre and its relation to Apple’s iPhone and its patents. RBC Capital’s Mike Abramsky mentioned that the “… Palm Pre almost directly emulates what you have already patented.” With that, Tim Cook fired back, “We like competition, as long as they don’t rip off our IP.”

Apple’s earnings report transcribed

We’ve already summarized the Apple earnings call for you, but now the call has been transcribed for your reading pleasure by the good folks at SeekingAlpha.

To start off the call, Peter Oppenheimer gave us the run down on all of the important details.

First, we sold more Macs than we have in any other quarter in Apple’s history. Second, we sold more iPhones in the September quarter than in all previous quarters combined. Third, we sold more iPods than in any prior non-holiday quarter and finally, we generated more revenue and earnings than in any previous September quarter in Apple’s history.

It’s also quite evident that Apple’s iPhone is doing well; even better than expected, actually.