SAN FRANCISCO, USA: Apple said on Tuesday that its net income rose 78 per cent to 3.25 billion dollars in the fiscal third quarter which ended on June 26, driven by strong sales of the iPhone, the iPad and the Macintosh line of computers, compared to $1.83 billion for the same quarter last year. This amounts to an earning of $3.51 per share.
Revenue increased to a record 15.7 billion dollars from 9.73 billion dollars a year ago, surpassing the 14.75 billion dollars forecast by analysts. The earnings per share were also well above the expected 3.11 dollars per share.
Apple had given an unusually upbeat revenue forecast that trounced Wall Street's expectations and eased fears that the "Antennagate" controversy around its iPhone 4's reception would hurt sales, boosting its shares 3 per cent.
"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," Apple CEO Steve Jobs said in a statement. "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 sold 3.47 million Macs during the quarter, a new quarterly record and a 33 per cent increase over the year-ago quarter.
iPhones sales were 8.4 million, a 61 per cent growth over the year-ago quarter. Apple sold 9.41 million, an 8 per cent decline from the same period a year-ago.
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