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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.

App Store piracy causing Apple to lose almost a half billion dollars

According to research from 24/7 Wall St., Apple rakes in anywhere between $60 and $110 million a quarter from App Store sales, of which between 13% and 21% of the over three billion downloads are paid apps. That said, Apple is certainly losing out on some money due to the over 100,000 apps available through other stores that commonly pirate legit applications. In fact, almost 40% of the content on these stores is pirated.

Apple pulls in 32% of all smartphone profits, iPhone reigns supreme

According to research done by Toni Sacconaghi of Bernstein Research, Apple—while only the 5th largest mobile phone vendor#151;contributed to 32% of the industry operating profits in the first half of 2009. Though its overall revenue is only a scant 8% of what the entire cell phone industry produces, Apple is profiting heavily, much like it has been in its $1,000+ computers.