How does this work: the economy is in a recession and people are losing jobs at an alarming rate and Apple just had a record breaking quarter. You heard right folks, our favorite fruit company just reported record sales, revenue and profits. Read Apple’s official press release if you don’t believe us.

MacRumors sums it up very nicely.

Next quarters guidance isn’t so rosy but that’s to be expected and of course, Apple’s guidance is always very, very conservative.

Tags:corporate, earnings, financials