Apple Blows Away Estimates With Best Ever Quarter; Sells 20.34 Million iPhones, 9.25 Million iPads & 3.95 million Macs In Q3 2011

News | Monday July 18 2011 10:39 AM | Comments (0) Tags: , , , , , , , , , , , , ,

Apple has posted revenue of $28.57 billion and net quarterly profit of $7.31 billion, or $7.79 per diluted share for the third fiscal quarter (second calendar quarter) 2011 that ended June 25, 2011, which is an all-time record for revenue and earnings.
Apple sold an amazing 20.34 million
in the quarter, up 142 percent over the year-ago quarter.
Apple also sold 9.25 million
during the quarter, up 183 percent over the year-ago quarter.
Apple sold 3.95 million Macs during the quarter, up 14 percent over the year-ago quarter. Apple also sold 7.54 million
during the quarter, representing a 20 percent decline over the year-ago quarter.
Apple ’s 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 has blown away estimates with their another record breaking results and not surprisingly Wall Street seems to be extremely happy with the results. Apple ‘s stock is currently trading at $398.66 up approximately $21.8 (~5.8%) in after hours trading at the time of writing this post.

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