Apple Profits Up 15% In Q3

Posted: Jul 21 2009, 4:25pm CDT | by , Updated: Aug 11 2010, 3:26pm CDT, in News | Apple

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Apple released their third quarter profits today and, as expected, the news was very good. Overall profits this quarter are up 15% from last year, rising from $1.07 billion to $1.23 billion. Total sales for this quarter were $8.34 billion, which marks a new record for Apple non-holiday quarter sales.

Contrary to earlier expectations, this was a great quarter for Macs, 2.6 million of them sold this quarter, an increase of 4% over last year and the company's best June quarter in Mac sales in history. Apple didn't have it all their way, though. Sales of iPods declined by 7% this quarter compared to last year, probably due to the fact that the next generation of iPods are coming soon. Customers are less willing to buy a device when the next model is on the horizon.

Sales of the iPhone, of course, rose substantially over this quarter. They sold 5.2 million over the last three months, a unit growth of 626%. There's no question about it now; this Summer has been a record-breaking one for Apple. They've got a lot to top next year.

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