News Brief

Apple Profits, Sales Way Up

Jul 20, 2011, 3:04 PM
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As if anyone needed more confirmation of the way Apple's products have caught on consumers worldwide, the company is proving it with its earnings reports.

According to the company's third-quarter 2011 financial results, iPhone sales were up 142% over the same quarter a year ago (selling a total 20.34 million worldwide in the third quarter) and iPad sales increased 183% (selling 9.25 million devices in the quarter). Mac sales were up 14%, while iPod sales were down 20% from the same period a year ago.

Overall, the company posted quarterly revenue of $28.57 billion in the third quarter 2011 (compared with $15,7 billion for the same quarter in 2010) and a quarterly net profit of $7.31 billion (compared with $3.25 billion).

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