Apple profit jumps to $8.8 billion in Q3
25th Jul 2012 | 10:05
Apple has posted impressive financial results for its third quarter ended June 30, 2012.
The company reported quarterly revenue of $35 billion (£22.6b), up from $28.6 billion (£18.4b) a year earlier, and quarterly net profit of $8.8 billion (£5.7b), up from $7.3 billion (£4.7b).
Mac sales rose two percent to four million units, while iPod sales declined ten percent to 6.8 million.
"We're thrilled with record sales of 17 million iPads in the June quarter," said Apple CEO Tim Cook. "We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this fall."
Chief financial officer Peter Oppenheimer added: "Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65."