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iPad helps Apple to new records

With 9.25-million iPads sold in the last quarter, Apple has now shifted 25-million units – helping it to achieve record sales and profits, according to its latest quartely results.

Apple has achieved all-Time record sales and profits, thanks to selling 20.34 million iPhones and 9.25 million iPads during last the quarter, according to financial results released yesterday 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.

The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. This brings total iPad sales to 25 million.

The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

‚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.‚

‚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,‚ said Peter Oppenheimer, Apple’s CFO. ‚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.‚


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