Apple Reports Sizzling iPhone, iPad Sales for June Quarter

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Apple “crushed Wall Street expectations,” said Reuters, as the world’s most valuable tech company reported another record quarter Tuesday.

Apple iPad, iPhone sales skyrocket in Q3Apple sold 20.34 million iPhones during its fiscal Q3, along with 9.25 million iPads, overshadowing sales from the same quarter a year ago by 142 percent and 183 percent, respectively. The company also breezed through 3.95 million Macs.

To date, Apple has a sold a cumulative 222 million iOS devices.

iPad sales alone totaled $6 billion for the quarter, making the iPad a larger business than Apple’s Mac computers  and even Dell PCs.

Net profit for the quarter soared 125 percent to $7.31 billion on record revenue of $28.57 billion, up 82 percent. Some analysts had expected revenue of $25 billion for the quarter.

For Q4, Apple forecasted revenue of $25 billion.

Apple shares also rose 6.1 percent to almost $400 late Tuesday.

The company said it sold every iPad 2 it was able to produce during the period. iPhone sales saw large growth overseas. China sales of Apple products overall were up by 600 percent and the country has become a vibrant growth area for Apple. “I think we’re just scratching the surface there,” said COO Tim Cook.

The company said it is planning a product transition later in the year, but gave no further details.

Source: Apple, Reuters, AFP via Yahoo! News

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