Apple reports record sales

World's largest tech company boosted by strong iPhone, iPad sales

Published On: Jan 24 2013 08:07:05 AM EST   Updated On: Jan 24 2013 10:40:41 AM EST

Apple reported that fourth quarter sales hit a record high, boosted by strong iPhone and iPad sales.

But even with the good news, analysts and investors are concerned that buyers' interest in the the iPhone might be drying up.

Sales estimates for the current quarter are very small compared to the number of iPhones Apple was able to sell over the past three months.

Apple's stock has also lost more than a quarter of its value over the past four months.