Wednesday, July 20, 2011

Apple Sells 9 Million iPads & 20 Million iPhones in Third Quarter


Apple has just posted its third quarter earnings and with it, some huge sales numbers for iPad and iPhone.
The company sold 20.34 million iPhones and 9.25 million iPads during the quarter, increases of 142 percent and 183 percent, respectively, versus the same period last year.
Those numbers, along with a 14% year-over-year increase in Mac sales, pushed Apple to record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion. Following the results, Apple now has more than $75 billion in cash.
In a statement, 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.”
In all, Apple has now sold more than 25 million iPads, with growth seemingly accelerating. In the company’sprevious quarter, it sold 4.69 million iPads. The iPad 2 was introduced in March, towards the end of the company’s fiscal second quarter, meaning most of the third quarter’s iPad sales were for the new device.
Shares of Apple were trading up more than 5% to $397 per share in after hours trading — a new all-time high for the company.

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