Q3 sales up 85% for Apple on record iPhone, iPad sales
Due to the phenomenal success of its iPhone and iPad products, Apple has reported record revenue and earnings for its fiscal third quarter, which ended June 25, 2011.
The company announced record quarterly revenue of $28.57billion and record quarterly net profit of $7.31bn, or $7.79 per diluted share. These results compare to revenue of $15.7bn and net quarterly profit of $3.25bn, or $3.51 per diluted share, in Q3 2010.
Gross margin was 41.7%, compared to 39.1% in the same period last year. International sales accounted for 62% of the quarter's revenue. The Company said it sold 20.34million iPhones in Q3, representing 142% unit growth year on year. In addition, it sold 9.25m iPads, representing a 183% unit increase over the same period.
"We're thrilled to deliver our best quarter ever, with revenue up 82% and profits up 125%," 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."
