IPhone Powers Apple Sales
Appleâ€™s Q3 revenues reached a massive US$28.5bn, up 82pc from US$15.7bn, thanks to the enduring success of its iPhone and iPad devices, delivering a profit of US$7.3bn, up from US$3.2bn a year ago. However, the decline of the iPod continues, with sales of the devices down 20pc.
â€œWeâ€™re thrilled to deliver our best quarter ever, with revenue up 82pc and profits up 125pc,â€ said Steve Jobs, Appleâ€™s co-founder and CEO. â€œRight now, weâ€™re very focused and excited about bringing iOS 5 and iCloud to our users this fall.â€
Apple sold 20.3m iPhone devices during the third quarter, representing a 142pc increase on a year ago.
The company sold 9.2m iPads during the quarter, up 183pc over a year ago.
Apple sold 3.9m Mac computers during the quarter, up 14pc.
However, iPod sales declined 20pc from a year ago to 7.5m devices sold.
Looking ahead to the fourth quarter, Apple CFO Peter Oppenheimer said the company predicts revenues of around US$25bn.
â€œWe are extremely pleased with our performance, which drove quarterly cash flow from operations of $11.1bn, an increase of 131pc year-over-year,â€ said Oppenheimer.
â€œLooking ahead to the fourth fiscal quarter of 2011, we expect revenue of about US$25bn and we expect diluted earnings per share of about US$5.50.â€
Photo:Â Steve Jobs, Apple co-founder and CEO