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Apple posts record third quarter results

antony savvas

Apple has reported record third quarter results, with sales up 38% year-on-year.

For the quarter ended 28 June, Apple posted sales of £3.73bn and a profit of £535m - up from £409m last time.

Gross margins, however, were down to 34.8%, compared with 36.9% last year.

Quarterly iPhone units sold were 717,000, compared with 270,000 in the same quarter last year. This jump was helped by the wider availability of the device in markets outside the US, including the UK.

"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple CEO. "We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."

Apple results:

Apple reports record sales for second quarter

iPhone sales hit one million in first week





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