Apple has posted an all time high quarter revenue and earnings in its fiscal 2011 third quarter ended 25 June 2011.
The company said that its net income was record $7.31bn in the quarter, 125% higher than a year earlier. Revenue also reached an all time quarterly high at $28.6bn, up 82%.
The strong growth rode on the surging sales of iPhone which grew 142% and iPad which grew 183%.
In the quarter, Apple sold 20.34 million iPhones and 9.25 million iPads. The Company also sold 3.95 million Macs during the quarter, a 14% unit increase over the year-ago quarter.
However, iPod sales dipped by 20% to 7.54 million units, said Apple.
International sales accounted for 62% of the quarter’s revenue.
The company’s gross margin was 41.7% compared to 39.1% in the year-ago quarter.
Apple said it expects a strong fourth quarter as well, with the contribution of iOS 5 and iCloud.
Recently a new survey by independent research firm ChangeWave has found that the Apple iOS remains the number one preference for US buyers.
It said that 29% of Apple product owners say Apple’s iCloud announcement makes them ‘More Likely’ to buy Apple products in the future, as do 13% of Non-Apple owners.
Apple CEO Steve Jobs said, "We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent."
"Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall."
Apple CFO Peter Oppenheimer said, "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."
"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."
