Apple announced its latest financial results last night, and they were spectacular. The company generated revenues of $26.74 billion in the last quarter of 2010, turning a profit of $6 billion. It sold 16.24 million iPhones and 7.33 million iPads during the quarter, along with 19.45 million iPods – more than half of which were app-capable iPod touches. The iTunes Store generated revenues of more than $1.1 billion for Apple during the quarter from music, video and app sales. Apple has now sold more than 160 million iOS devices (that’s iPhones, iPod touches and iPads), and the company has a cash mountain of $59.7 billion poised for acquisitions and organic growth.Read more:

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