Apple posts record $20 billion quarter

Jobs won't do "stupid things" with it.

Steve Jobs has told analysts he won't do "stupid things" with Apple's gargantuan cash pile of $50 billion.

He made those remarks in a call with analysts following Apple's record-breaking $20 billion quarter (for the three months ending 30th September). Microsoft has never made that much in three months.

"I couldn't help dropping by for our first $20 billion quarter," he told a surprised flock of money scrutinisers.

"We strongly believe one or more very strategic opportunities may come along that we're uniquely positioned to take advantage of," he went on to say. "We don't let it burn a hole in our pocket or motivate us to do stupid things. We do feel there are one or more strategic opportunities in the future."

During the three months, 14.1 million iPhones, 4.19 million iPads and 3.81 million Macs were sold.

A enviable $4.31 billion was deemed profit by Apple.

What's more, 2010 isn't over for Steve Jobs and Apple just yet.

"We still have a few surprises left for the remainder of the calendar year," Jobs teased.

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