iPad, iPhone boost Apple's Q3 profits

Company will be pushing out iCloud, iOS 5 in "fall," Jobs says

Apple reported solid earnings for its fiscal third quarter, with strong iPad and iPhone shipments boosting profit and revenue, the company said Tuesday.

Apple sold 9.25 million iPads in the quarter, a 183 percent increase from the same quarter last year. It sold 20.34 million iPhones, a 142 percent increase. IPod sales were down 20 percent to 7.54 million units, however.

The iPad 2 went on sale in March to big lines in the U.S., and while initial stocks dried up quickly, demand remained strong.

Apple's profit for the quarter, ended June 25, was US$7.31 billion, up from $3.25 billion a year earlier. Revenue was $28.57 billion, up from $15.7 billion. Analysts polled by Thomson Reuters expected revenue of $25 billion.

At the Worldwide Developers Conference last month, Apple introduced its next mobile OS, iOS 5, and the iCloud syncing and hosting service for music, photos and other data.

"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," CEO Steve Jobs said in a statement.

Apple also sold 3.95 million Macs in the third quarter, a 14 percent increase from last year, it said.

The company expects revenue of about $25 billion for the fourth fiscal quarter of 2011.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesApplefinancial results

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Cate Bacon

Aruba Instant On AP11D

The strength of the Aruba Instant On AP11D is that the design and feature set support the modern, flexible, and mobile way of working.

Dr Prabigya Shiwakoti

Aruba Instant On AP11D

Aruba backs the AP11D up with a two-year warranty and 24/7 phone support.

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?