Despite Antennagate, Apple Reports Record Profits

Antenna problems? What antenna problems? If you were to judge by Apple's recent financial reports alone, you would never know there's been a huge uproar over faulty antennas on the new iPhone 4.

Apple on Tuesday reported record revenue for the third quarter of its 2010 fiscal year, and the numbers show a sharp increase over the same period last year. Apple reported $15.7 billion in revenue, up from $9.7 billion in the third quarter of 2009. Apple's profits were $3.3 billion, up from $1.8 billion last year.

Apple says the increase was due in large part to sales of the iPhone and iPad. But Apple's third quarter ended on June 26 - just days after the iPhone 4 hit the market, so it's likely that molst of the revenue was from sales of older iPhone models, and not those of the troubled new device.

While Apple has called the iPhone 4 launch its most successful product launch ever, the company has been dealing with complaints that the phone's cellular signal loses strength when users hold it in the lower left corner. Apple held a press conference last week in which the company downplayed the problems, but did offer free bumper cases to anyone who has purchased the iPhone 4.

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