17 Million iPads lead the way as Apple reports $8.8 billion quarterly profit

by David Needle

July 24 2012

Apple announced another bang up quarter led by sales of 17 million iPads.

For its third quarter Apple said its quarterly revenue was $35 billion with a net profit of $8.8 billion. Those results compare favorably to the same quarter a year ago when revenue was $28.6 billion and net profit $7.3 billion. 

Apple’s other best-selling mobile device, the iPhone, did quite well as well, with sales of 26 million units in the quarter, representing a 28% bump up from the same quarter a year ago. “We’re thrilled with record sales of 17 million iPads in the June quarter,” said Apple’s CEO Tim Cook, who will participate in a conference call with analysts later today.

“We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall,' he added. "We are also really looking forward to the amazing new products we’ve got in the pipeline.”

Apple said it sold 4 million Macs during the quarter, a 2% percent unit increase over the year-ago quarter and said it sold 6.8 million iPods, a 10% unit decline from the year-ago quarter.

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