Apple's run of record results continues

Stephen Withers
Wednesday, 20 July 2011 09:35

IT Industry - Listed Tech

Apple has booked yet another record quarterly profit on the back of - you guessed it - record revenue.

Apple made a record $US7.31 billion net profit in its June 2011 quarter, up from $US3.25 billion year-on-year. A new revenue record was also set: $US28.57 billion, compared with $US15.70 billion for the year-ago quarter.

"We're thrilled to deliver our best quarter ever, with revenue up 82% and profits up 125%," said Steve Jobs, Apple's CEO. "Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall."

Where did the growth come from? iPhone sales were up 142% to 20.34 million, and 9.25 million iPads were sold, up 183%. iPhone growth more than doubled IDC's latest estimate of overall smartphone sales growth, said chief financial officer Peter Oppenheimer, with sales being "particularly robust" in the Asia Pacific region with sales almost quadrupling.

"We sold every iPad we could make," he said. Total channel inventory of just over 1 million units was "well below" the company's goal of four to six weeks supply.

Apple's tablet is now available in 64 countries, and 86% of the Fortune 500 are deploying or testing the iPad, up from 75% in the previous quarter. 47% of the Global 500 companies are doing the same.

How did the Mac and Apple's other devices perform? Please read on.