Apple rakes in $7.31 billion profit for Q3

Posted by TG Daily Staff

Apple today announced financial results for its fiscal 2011 third quarter, which ended on June 25. 

The company posted a record quarterly revenue of $28.57 billion, with net profit weighing in at $7.31 billion, or $7.79 per diluted share. International sales accounted for 62% of the quarter's revenue.

Apple rakes in $7.31 billion profit for Q3The above-mentioned results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter.

During Q3, Cupertino sold a whopping 20.34 million iPhones (142% increase over the year-ago quarter), 9.25 million iPads (183% increase), 3.95 million Macs (14% increase) and 7.54 million iPods (20% decline).

"We're thrilled to deliver our best quarter ever, with revenue up 82% and profits up 125%," Apple CEO Steve Jobs said in an official statement.

"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall."