Apple has reported yet another record-setting financial quarter.On Monday the company revealed that for the quarter spanning July through September it logged some US$9.87 billion in total quarterly revenue and a total profit of some US$1.67 billion. The quarter was Apple's strongest ever and topped revenues of US$7.9 billion and profits of US$1.14 billion over the same period last year.The report closes out a fiscal year in which Apple Chief financial officer Peter Oppenheimer said the company increased revenues by 12 percent."We are thrilled to have sold more Macs and iPhones than in any previous quarter," said Apple co-founder and chief executive Steve Jobs."We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010."The company sold some 3.05 Macintosh computers over the quarter, up 17 percent over the 2008 quarter. iPod sales were up 8 percent with 10.2 million units solid and the company grew iPhone sales seven percent by selling some 7.4 million handsets.International sales also played a large part in the strong quarter, with some 46 percent of revenues coming from outside the US.The strong reports from Apple contrast with what has otherwise been a rough year for much of the IT and electronics industry. The report also comes amidst speculation on a new tablet device from Apple which is said to be slated for an unveiling some time in the coming months.
Issue: 347 | March 2016