Apple Reports Record-Breaking Earnings in Third Quarter

In a live conference call on Tuesday afternoon, Apple reported its earnings for the past quarter of the fiscal year, which commenced on June 25, 2011. Apple’s revenue and earnings were extremely impressive, as projected, and were strong enough to break all-time records for total revenue and earnings amounted in one fiscal quarter. Apple reported quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share.

Apple sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Cupertino-based company also sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. On the other hand, Apple sold 7.54 million iPods, which was a 20 percent decline from the year-ago quarter.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

Apple seems poised to continue in their stride of success, especially with iOS 5, iCloud, Mac OS X Lion, and a rumored next-generation iPhone on the horizon.


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