On July 19, 2011, Apple Inc. announced their financial results for quarter 3 for the fiscal of 2011. The quarter ended on June 25, 2011, and the company posted a record of $28.57 billion in revenue and a record quarterly net profit of $7.31 billon.
Apple reported that the company sold 20.34 Million iPhones in the quarter which is 142 percent growth from the year ago quarter. Apple also sold 9.25 million iPads during the Q3 which was 183 percent more from last year. The company sold $3.95 million in Macs which was a 14 percent unit jump from last year, and they reported selling 7.54 million in iPods. The iPods were a 20 percent decline from last year.
On June 6th, 2011 Apple announced the release of iOS 5 and the Cloud for the fall. Many speculate that they will release a fifth edition of it's iPhone in the fall as well. Also, September has been the upgraded release of their iPod family as well. If Apple stays on schedule and the rumors and speculations are true, Apple will definitely make what they are expecting. Time will tell if the iPhone has much to offer 2011 will be a very good year for Apple. The success of the iPad and the iPhone keeps Apple on top in the technological industry. It will be interesting to see what Apple has in store for us for the rest of the year.
Apple's CEO Steve Jobs stated that the company was thrilled to deliver the best quarter so far and that they are now focused to bring IOS 5 and the Cloud to their users in the fall. Apple's CFO Peter Oppenheimer, Stated "We are extremely pleased with our performance which drove quarterly cash flow from operations $11.1 billion, an increase of 131 percent year-over-year."(Apple.com 7/21/11) Apple is expecting to break $25 billion in the 4th fiscal quarter.
http://www.apple.com/pr/library/2011/07/19Apple-Reports-Third-Quarter-Results.html?sr=hotnews.rss
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