Apple reports all-time record revenue and earnings

Apple today announced financial results for its fiscal 2011 third quarter ended 25 June 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. “We’re thrilled to deliver our best quarter ever, with revenue up 82 per cent and profits up 125 per cent”, said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this autumn”.