Apple Continues Momentum with Giant Revenues

Apple posted impressive quarterly results and "record revenue" for its third fiscal quarter. The company announced revenue of $15.7 billion and net profit of $3.25 billion. This compares to revenue of $9.73 billion a year ago. 

Hardware sales were as follows:

  • 3.47 million Macs, "representing a new quarterly record and a 33 percent unit increase over the year-ago quarter."
  • 8.4 million iPhones, "representing 61 percent unit growth over the year-ago quarter."
  • 9.41 million iPods during the quarter, "representing an eight percent unit decline from the year-ago quarter."
  • 3.27 million iPads, but we knew that. 

Apple slightly beats consensus estimates on unit sales it appears and, revenue-wise, strongly exceeded expectations.

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