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Apple reports Third Quarter results, iPhone and iPad sales nearly double

Apple post Third Quarter results, blow expectations away

| Mobile Devices, Tablets & Phones News | Posted: Jul 20, 2011 5:24 am

Apple have just posted their third quarter results, giving them an all-time record revenue and earnings. Apple saw a quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion or $7.79 per diluted share. To compare to the same quarter of last year, revenue was at $15.70 billion, net quarterly profits say at $3.25 billion or $3.51 per diluted share. International sales make up 62-percent of the quarter's revenue.

 

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Apple sold 20.34 million iPhones in the quarter which is a 142-percent unit growth over the year-ago quarter. iPads flew out the doors with 9.25 million sold during the quarter resulting in a 183-percent unit increase over the year-ago quarter. 3.95 million Macs were sold which was a 14-percent increase over last year and 7.54 million iPods were sold which actually resulted in a 20-percent decline from the year-ago quarter.

 

Steve Jobs has been quoted saying "We're thrilled to deliver our best quarter ever, with revenue up 82-percent and profits up 125-percent. Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall."

 

Apple CFO, Peter Oppenheimer says "We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131-percent year-over-year. Looking forward to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."

NEWS SOURCES:Apple.com

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