updated 04:40 pm EDT, Tue July 19, 2011
iPhone, iPad shipments increase dramatically
Apple has officially announced the results of its third fiscal quarter, which ended on June 25th. The company posted a record quarterly revenue of $28.57 billion, with an equally record-setting net profit of $7.31 billion, or $7.79 per diluted share. The numbers are compared against Q3 2010's $15.7 billion in revenue and $3.25 billion in profit. "We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," reads a prepared statement from Apple CEO Steve Jobs.
The profits were driven primarily by iPhone sales, which grew 142 percent year-over-year to 20.34 million. iPads were also a major aid, with units jumping 183 percent to 9.25 million; the iPad 1 only began shipping at the beginning of Q3 2010. Macs grew 14 percent to to 3.95 million, a number below some analysts' estimates. iPods meanwhile saw a precipitous decline, sliding 20 percent to 7.54 million.
"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," Jobs' statement continues. CFO Peter Oppenheimer adds some extra financial detail. "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," his own statement reads. "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."