Apple iPhone, iPad sales set big records
Apple today posted its third quarter earnings and stated that the company has sold 9 million iPads and 20 million iPhones in just the third quarter. Compared to this time last year, Apple saw an increase in iPad sales by 142% and an increase in iPhone sales by 183%.
“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent. Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall. We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year. 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,” Apple stated.
In total, Apple has sold more than 25 million iPads and continues to increase that number. Last quarter, Apple only sold 4.69 million iPads. Apple also sold 4 million Mac computers this quarter, which is a 14% increase from a year earlier.
Apple continues to push its sales of its devices overseas in countries such as China. Apple has stated that 15% of its quarterly revenue comes from China, Hong Kong, and Taiwan.
Apple was able to earn $7.3 billion dollars in just the third quarter, considering that the company did not release a blockbuster product in nearly six months.Further reading: Apple, iPad, iPhone