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Apple Q3 Results: $7.31B Profit; Sells 20.34M iPhones, 9.25M iPads

Cupertino, USA, based Apple Inc announced financial results for its third quarter of the fiscal year 2011, ended June 25,2011. The company reported a record net profit of $7.31 billion, a growth of 125% compared to profits of $3.25 billion, in the year-ago quarter. The company's quarterly revenue rose to $28.57 billion in the quarter, an increase of  82% compared to $15.70 billion that it reported in the same quarter, last year. International sales accounted for 62 percent of the quarter’s revenue. - iPhones: 20.34 million sold during the quarter, up 142% year on year. Previous quarter, Apple had sold 18.65 million iPhones - iPads: 9.25 million sold during the quarter, a 183% increase year on year. Last quarter, Apple had sold 4.69 million iPads. - iPods: 7.54 million sold during the quarter, down 20% year on year, with iPod touch being over 50% of all iPods sold. 9.02 million iPods were sold in the last quarter. - Macs: 3.95 million sold during the quarter, a 14% unit increase over the year-ago quarter. This is a minor improvement over the previous quarter, when Apple had sold 3.76 million Macs. - Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. Notes from Apple's Investor Conference Call: - On device activations, Apple Chief Operating Officer Tim Cook said that Google's recent numbers for Android are difficult to compare because Apple sold over 33 million iOS devices in the June quarter, and that the company reports these numbers on a quarterly basis. - The iTunes Store had revenues…

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