Apple reveals its 2011 Q3 fiscal resultsBy Hanleigh Daniels 20 July 2011 | Categories: news
Apple has announced the financial results for its 2011 fiscal Q3 that ended on 25 June 2011. The Cupertino-based tech outfit posted record quarterly revenue of $28.57 billion as well as record quarterly net profit of $7.31 billion.
These results compare very favourably to its revenue of $15.70 billion and net quarterly profit of $3.25 billion for the same quarter of last year. International sales accounted for the majority (62%) of the company’s quarter revenue.
Cupertino’s magical sales numbers
Apple sold 20.34 million iPhones during this quarter, representing 142% year-on-year unit growth, whilst it sold 9.25 million iPads in Q3, a 183% unit increase over the year-ago quarter. Cupertino sold 3.95 million Macs during Q3, a 14% year-on-year unit increase. iPod sales, however, were down by 20% compared to the year-ago quarter, as Apple managed to sell 7.54 million iPods.
“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.”
“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,” said 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.”
Apple recently won its first battle in its patent war against Taiwanese smartphone and tablet maker HTC, but suffered a major set back in its patent wrangling with Kodak.
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