Hundreds greet Apple's new store in Palo Alto

The store marks a new home for Apple retail in the heart of Silicon Valley

By , IDG News Service |  

In 2001, Apple reported a net loss of $25 million on sales of $5.3 billion. In 2011, the company generated a net profit of $26 billion as sales climbed to $108 billion.

In its most recent quarter, Apple reported revenue of $8.2 billion.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

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