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Apple Reports Third Quarter Results
Tuesday, July 19, 2011 - 5:55 PM EST
Posted by: Staff |
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Apple today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These 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. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue.
"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.
The company said they sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple also sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. As well as 3.95 million Macs during the quarter, representing 14 percent unit growth over the year-ago quarter.
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