String of stellar quarters continues for Apple

AppleApple today announced its fiscal 2011 third quarter financial results and the company has once again set a best-ever quarter and exceeded expectations. The company posted record quarterly revenue of US$28.57 billion and record quarterly net profit of US$7.31 billion. In the past quarter alone, it sold 20.34 million iPhones, 9.25 million iPads, 3.95 million Macs, and 7.54 million iPods. All of these key groups recorded growth over the same quarter a year ago except the iPods which saw a 20 percent decline.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

With all the rumours swirling about new products coming out in the near future, it’s a safe bet to say that this won’t be the last stellar quarter that Apple will record.

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