Apple earnings soar 125 percent in Q3

13:47, 20 July 2011

BEIJING. July 20. KAZINFORM Apple Company of the United States has announced its third-quarter profit surged125 percent to 7.31 billion U.S dollars on record quarterly sales of 28.57 billion dollars.

"Apple CEO Steve Jobs said during a quarterly earnings call that his company had just finished its "best quarter ever."

According to Xinhuanet, Apple shares jumped 7.5 percent to 405 dollars per share in extended trading after the results were posted. The stock, up 17 percent this year, closed at a record 376.85 dollars in regular Nasdaq Stock Market trading.

Apple's expansion into China and other fast-growing economies helped make up for slower growth in the U.S.

The company sold 20.34 million iPhones in the quarter across the world, representing 142 percent unit growth over the year-ago quarter.

It sold 9.25 million iPads during that period, a 183 percent unit increase over the year-ago quarter. Meanwhile, it sold 3.95 million Macs, a 14 percent unit increase, as well as 7.54 million iPods, a 20 percent unit decline.

Particularly, the iPad -- a product that's less than two years old -- is now Apple's second-biggest source of revenue, after the iPhone.

The company said its profit in the fourth quarter would be about 5.50 dollars a share on sales of 25 billion dollars. Analysts on average predict 6.41 dollars per share on sales of 27.7 billion dollars.

(Agencies)

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