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
Jun 9th, 2024
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
WN Conference Istanbul 2024 | Jun 11th | |
ESI London 2024 | Europe | Jun 13th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |