Record 17m iPad sales help Apple to $8.8bn quarterly profits

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Continuing to lead the way, Apple has hit record iPad sales with 17 million of the leading tablet shifting in the three months to June 30th

 

Having shifted a record 17 million iPads in the three months leading up to June 30th, Apple has announced that it has recorded quarterly profits of $8.8 billion (£5.67bn).

Making the announcement during last night’s third quarter profits call, despite generating $35 billion in revenue and turning an $8.8 billion profit, an increase of 21 per cent over the same period last year, Apple’s profits have fallen short of analysts’ predictions.

With much of this rise being pinned on the company’s portable devices, Apple has revealed that the year’s third quarter saw iPad sales almost double, increasing 84 per cent on the previous year’s quarter to a staggering 17 million units.

On top of this, iPhone sales soared 28 per cent to 26 million units and Macs jumped 2 per cent to 4 million units. Disappointingly for Apple, the product that has become synonymous with the company, the iconic iPod was the quarter’s major flow as sales slumped 10 per cent to just 6.8 million units.

 “We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

Cook’s delight was echoed by Apple CFO Peter Oppenheimer who added: “We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today. Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”

Did you pick up one of the 17 million iPad tablets sold in the past three months? What do you make of the Apple device? Let us know via the T3 Twitter and Facebook feeds.

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