RealTime IT News

Apple Sees Record Q3 on Strong iPad, iPhone Sales

The good news keeps rolling in for Apple. The firm's winning streak continued today with its third-quarter earnings report, posting record revenue of $20.3 billion, and a profit of $4.3 billion.

Those numbers owe to booming sales from Apple's iPad, iPhone and Mac lines, and CEO Steve Jobs promises "a few surprises left for the remainder of this calendar year." Datamation has the story.

Apple (NASDAQ: AAPL) reported bang-up results for its fourth quarter, including record revenue of $20.34 billion and a net quarterly profit of $4.31 billion. Those numbers are up over the same quarter a year ago when Apple reported $12.21 billion in revenue and $2.53 billion in quarterly profit.

Analysts polled by Thomson Reuters had expected earnings of $4.08 a share on revenue of $18.9 billion, but Apple blew by that estimate with earnings per share of $4.64.

Read the full story at Datamation:
iPad, iPhone, Power Record Revenue for Apple