July 19, 2011
Apple’s financial success continues as it announced its numbers for its third quarter of 2011. During the April-June time period, Apple had its highest revenue and earnings in the history of the company, with new record sales for Mac, iPad, and iPhone. Plus, the company announced that its next generation OS X Lion will be released to the public tomorrow in the App Store. Last quarter, Apple had total revenue of nearly $29 billion, as compared to $15.70 billion in the same quarter last year. In total, the company had $7.31 billion in net profits. According to Steve Jobs, Apple CEO:
“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.”During the third quarter, Apple sold:
20.34 million iPhones (142 percent more than same time last year) 9.25 million iPads (183 percent) 3.95 Macs (14 percent) 7.54 million iPods (20 percent decrease)Other information reveal includes:
More than 15 billion iTunes songs sold to date $2.5 billion dollars in App Store receipts to developers 57 percent of Global 500 companies are testing and deploying the iPhone, while 47 percent of Global 500 companies are testing or deploying the iPad The iPad is available in 64 countries and Apple is selling everyone they make. This suggests a price drop isn’t necessary. In total, 222 million iDevices have been sold in totalFinally, in perhaps the biggest news of the day, Apple also officially announced OS X Lion will be available in the Mac Store beginning tomorrow. For more information, be sure to check out Apple's complete financials report located here. What do you think? Leave your comments below.