Apple announced financial results for its third quarter of the fiscal year 2012, ended June 30th,2012. The company reported a net profit of $8.8 billion, a decrease compared to last quarter’s profits of $11.6 billion, but a growth of 20.5% compared to profits of $7.3 billion, in the year-ago quarter. The company’s quarterly revenue rose to $35 billion in the quarter, an increase of 22.3% compared to $28.6 billion that it reported in the same quarter, last year. However, it declined compared to last quarter's revenues of $ 39.2 billion. International sales accounted for 62 percent of the quarter’s revenue. - iPhones: 26 million sold during the quarter, up 28% year on year. Previous quarter, Apple had sold 35.1 million iPhones - iPads: 17 million sold during the quarter, an 84% increase year on year. Last quarter, Apple had sold 11.8 million iPads. - iPods: 6.8 million sold during the quarter, down 10% year on year. 7.7 million iPods were sold in the last quarter. - Macs: 4 million sold during the quarter, a 2% unit increase over the year-ago quarter. There is no change in Mac sales over the previous quarter. - Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. Notes from Apple’s Investor Conference Call: - Love India but Apple has higher potential in other markets: On being asked about how Apple sees India as an opportunity, Apple CEO Tim Cook responded that he loved India but Apple has 'higher potential in the intermediate term in some other countries'. He said…
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