Apple reveals another record-breaking financial quarter

The Apple bandwagon rolls on, with the company announcing more big numbers in its latest quarterly financials. In its fiscal third quarter (Q2 in calendar terms), the company generated revenues of $28.57 billion, and turned a net profit of $7.31 billion. Those revenues were up 82% year-on-year. Apple sold 20.4 million iPhones in the quarter – up 142% on a year ago – and 9.3 million iPads, up 183%. iPod sales dropped 20% to 7.5 million units. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall,” said CEO Steve Jobs in a statement. More stats? You got ’em! The iTunes Store generated $4.4 billion in revenues during the quarter, but Apple’s money continues to come from hardware: it sold 33 million iOS devices during the quarter – just over 360,000 a day – with 220 million iPhones, iPads and iPod touches sold so far. Apple did not offer any new information on when its iCloud service will launch, other than to repeat that it will make its debut in Autumn.Read more:

Written by: Music Ally