TweakTown
Tech content trusted by users in North America and around the world
5,983 Reviews & Articles | 38,651 News Posts

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.

 

TweakTown image news/2/0/20234_6_apple_reports_third_quarter_results_iphone_and_ipad_sales_nearly_double.jpg

 

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

Related Tags

Further Reading: Read and find more Mobile Devices, Tablets & Phones news at our Mobile Devices, Tablets & Phones news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases