Apple has posted record quarterly revenue of $28,57-billion and record quarterly net profit of $7,31-billion, or $7.79 per diluted share, for the third quarter ended 25 June.
These results compare to revenue of $15,7-billion and net quarterly profit of $3,25-billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41,7% compared to 39,1% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.
The company sold 20,34-million iPhones in the quarter, representing 142% unit growth over the year-ago quarter. Apple sold 9,25-million iPads during the quarter, a 183% unit increase over the year-ago quarter. The company sold 3,95-million Macs during the quarter, a 14% unit increase over the year-ago quarter. Apple sold 7,54-million iPods, a 20% unit decline from the year-ago quarter.
“We’re thrilled to deliver our best quarter ever, with revenue up 82% and profits up 125%,” says Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11,1-billion, an increase of 131% year-over-year,” says Peter Oppenheimer, Apple’s CFO. “Looking ahead 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.”