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iPhone up 61pc in record Apple sales

Mobile News
July 21, 2010

Apple posts record earning of $15.7 billion (£10.23bn) in its Q3 financial results with iPhone sales up 61 per cent year on yearApple’s Q3 financial results, for the three months ending June 26, saw revenues increase year-on-year 78 per cent from $9.73 billion (£6.3bn) to $15.7 billion, with profits also up from $1.83 billion (£1.19bn) to $3.25 billion (£2.12bn).

Quarterly iPhone sales, including 3.27 million iPhone 4 sales, reached 8.4 million for the quarter, up 61 per cent on the year-ago quarter.

Sales of Mac computers totaled 3.47 million, up 33 per cent year-on-year.

However the company saw a decline in the period in iPod sales, which were down eight per cent to 9.41 million units.

Sales of the iPad, which launched in April, totalled 3.27 million units.

International sales accounted for 52 per cent of revenues.

Apple chief executive Steve Jobs said: “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4.

“iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year”.

Apple’s chief financial officer Peter Oppenheimer added: “We’re really pleased to have generated over $4 billion of cash during the quarter. Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44”.

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