Apple Inc. (Cupertino, Calif., U.S.A.) on Tuesday announced financial results for its fiscal 2011 third quarter, which ended on June 25. The company posted record quarterly revenue of $28.57 billion and a quarterly net profit of $7.31 billion. These results compare to revenue of $15.70 billion and a net quarterly profit of $3.25 billion in the third quarter of 2010.
Gross margin was 41.7% compared to 39.1% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.
Apple sold 20.34 million iPhones in the quarter, showing a 142% unit growth from the third quarter of 2010. The company sold 9.25 million iPads during the quarter, a 183% unit growth from Q3 2010, as well as sold 3.95 million Macs during the quarter for a 14% unit increase.
Apple experienced a 20% unit decline from the year-ago quarter, only selling 7.54 million iPods this quarter.
According to CEO Steve Jobs, this was Apple’s best quarter ever, with revenue up by 82%, and profits up by 125%.
“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131% 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.”