Apple (NASDAQ: APPL) has announced its financial results for its Q3 2011 ending June 25 2011.
It posted record revenues of $28.57 billion, up 82 percent compared to Q3 2010.
The figure is also $5.6 billion higher than Apple had predicted for itself in its Q2 2011 report.
Net profit was $7.3 billion up 125 percent year-on-year.
Gross margin was 41.7 percent compared to 39.1 percent last year whilst international sales accounted for 62 percent of revenue.
"We're thrilled to deliver our best quarter ever ... and right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," said Steve Jobs, Apple's CEO.
Number crunch
Apple sold 20.34 million iPhones during the quarter, up 142 percent year-on-year.
9.25 million iPads were also sold, representing a 183 percent increase over the year-ago quarter.
In total, Apple's now sold 28.7 million iPads.
There was a 20 percent year-on-year decline in iPod sales, reaching 7.54 million units sold this quarter. Meanwhile 3.95 million Macs were sold, up 14 percent.
Deeper pockets
"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.
Apple ended the quarter with current assets of $46.9 billion, compared to $47 billion three months ago.
[source: Apple]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Top Stories
News
10 hours, 42 minutes ago
Q4 2024 was EA’s strongest for mobile, but it still only earned them $307 million
News
May 8th, 2024
Krafton teases AI-developed games as "limited" voice actors, writers, and level designers get the boot
Feature
May 7th, 2024
Mobile Mavens: The industry has its say on Squad Busters ability to draw in “untapped audiences” with its “influence from a range of genres”
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
Feature
May 7th, 2024
April 2024 mobile game charts: Call of Duty: Warzone Mobile loses launch momentum and Brawl Stars’ astronomical rise
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Devcom 2024 | Europe | Aug 18th |
Gamescom Cologne 2024 | Europe | Aug 21st |