Apple reports record sales, profits for third quarter

19.07.2011
Record iPhone and iPad sales combined with continued growth of its Mac business pushed Apple to another strong performance in its fiscal third quarter. On Tuesday, the company reported sales of $28.57 billion and net profit of $7.31 billion for the three-month period ended June 25, 2011.

The sales and profit figures--both quarterly records--increased last year's third-quarter performance by 82 percent and 125 percent, respectively. Apple reported earnings of $7.79 per share, which beat analyst estimates of $5.85. Analysts had also been looking for Apple to reach $24.92 billion in sales for the quarter.

Apple executives will hold a conference call with analysts to go over the results at 2 p.m. PT. will offer .

We'll have more details about Apple's performance for the third quarter shortly.