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Apple Earnings Q3 Results Beat Expectations in Blowout Quarter

Courtesy of Apple
Apple posted record earnings for Q3 2011 which again beat expectations on Wall Street.  In this lastest blowout quarter Apple  noted all-time record quarterly revenue of $28.57 billion, with a net profit of $7.31 billion.  iPod, iPhone, and Mac sales all increased vs the year-ago quarter, Highlights: 

  • iPad sales up 183 % at 9.25 million sold during the quarter
  • iPhone sales were up 142% with a massive 20.34 million sold in Q3
  • Mac sales increased 14% selling 3.95 million Macs
  • 7.54 million iPods sold in Q3 2011

Apple CEO Steve Jobs said in a statement: “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.”

The worlds best-run tech company just keeps getting better and better, and Apple's stock (AAPL) shot up in after-hours trading.  With exciting new products coming later this year, the future never looked brighter for the much-loved Apple.  Do you own AAPL stock? plan on buying a new Mac, or IOS device this year? what do you think of Apple's future? leave a comment below.

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