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Apple May Post Record Quarterly Profits Thanks to iPhone 4S

According to a buzz on the Wall Street, the quarterly results of Apple are likely to show a significant jump in the overall profits primarily driven by the staggering sales of its iPhone 4S smartphone.

Since its launch in mid-October, Apple has refused to disclose the sales figure for iPhone 4S but, the financial results are likely to give a strong pointer to those numbers. The company had mentioned that the iPhone 4S had notched up sales of over four million units in the first week of its launch and overall view on the street suggest that Cupertino based company is set to post record profits.

The current quarter results are also likely to soar as a result of strong iPad2 sales which too seemed to beat its rivals in the recent holiday sales. Currently the iPad2 has a free run with no significant rival in the picture however things are likely to change later this year with the introduction of tablets sporting Microsoft's latest Windows 8 operating system.

Apple may be happy over the fact that its ecosystem of apps and media content will continue to give it an edge over its rivals in near future. With the iPhone 5 ready to see the light this year probably, the company looks poised to take on the competition in earnest.