Apple who have had a few big launches this year including the iPad and iPhone 4 have had a profitable 3rd quarter with a 78% increase in earnings. In the 3rd Quarter Apple made $15.7 billion in revenues and $3.25 billion in profits.
In the 3rd quarter, Apple sold 3.47 million Macs which was a 33% increase YoY. They also sold 8.4 million iPhone which was a 61% growth over iPhone sales from same quarter last year. Apple also sold 3.27 million iPad during this period and 9.41 million iPods including iPod Touch.
It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,said Steve Jobs, Apple’s CEO. 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.
Steve Jobs hinted that there will be more amazing new products coming this year, which is basically the new line of iPod Touch devices with 5MP camera and FaceTime which is expected in September and may also include other new products in the iPod family. The new devices may also include new Macs too.
Overall Apple generated over $4 billion cash during the quarter and are expecting about $18 billion revenue in the 4th quarter. This is definitely a good quarter for Apple and with the iPhone 4 just launched it would add to their revenue coffers.
In addition to the US revenue, Apple is all set to launch iPad in 9 more countries this Friday and also launch the iPhone 4 in 18 more countries shortly. Also, unlike the iPhone 3GS, Apple was also supposed to launch the iPhone 4 in India this September, however, it is now confirmed that Airtel will launch iPhone 4 in India in October.