Apple reports yet another record quarter with profit up 125%


Apple reports yet another record quarter with profit up 125%

Bryan Glick

Apple has reported yet another record set of results for its latest financial quarter, with revenue up 82% and profit growing 125% year on year.

The company posted third quarter sales of $28.57bn, up from $15.7bn in the same period last year, and net profit of $7.31bn, compared to £3.25bn in 2010.

The growth came from significant sales increases in all Apple's key products: some 20.3 million iPhones were sold, up 142%; 9.25 million iPads, up 183%; and 3.95 million Macs, up 14%.

Apple CEO Steve Jobs was unsurprisingly ecstatic about the figures.

"We're thrilled to deliver our best quarter ever," he said. "Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this [autumn]."

Apple CFO Peter Oppenheimer said the company is forecasting fourth quarter sales of $25bn.

The latest results continue the run of growth for Apple - for the second quarter that ended 31 March, profits surged 95% year-on-year to $5.99bn (£3.62bn) and revenue rose 83% to $24.7bn .

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