Apple is gearing up for another huge year. It is on the verge of announcing the third generation of its
stalwart iPad, no doubt with additional plans to conquer consumer's wallets. Last year was a banner year, despite the passing of the company's iconic founder, Steve Jobs.
Under CEO Tim Cook, the company's annual revenues climbed to $108 billion, led by an 81% increase in iPhone sales -- a jump that doesn't factor in the runaway success of the iPhone 4S --
and a 334% spike in iPad sales, due in no small part to the revamped iPad 2. Increased sales across the board explain why shares soared 75% during the company's fiscal year to $495.
By JP Mangalindan - Last updated March 05 2012: 1:47 PM ET