Apple reported solid earnings for its fiscal third quarter, with strong iPad and iPhone shipments boosting profit and revenue, the company said Tuesday.
Apple sold 9.25 million iPads in the quarter, a 183 percent increase from the same quarter last year. It sold 20.34 million iPhones, a 142 percent increase. IPod sales were down 20 percent to 7.54 million units, however.
Apple's profit for the quarter, ended June 25, was US$7.31 billion, up from $3.25 billion a year earlier. Revenue was $28.57 billion, up from $15.7 billion. Analysts polled by Thomson Reuters expected revenue of $25 billion.
Commenting on the results, Apple COO Tim Cook pointed to the iPad’s increasing uptake in the enterprise, saying “people are moving at a speed I haven’t seen (before).
Cook claimed, “to be this far into the enterprise with a product that's only been shipping for 15 months in the case of iPad, is absolutely incredible, because the enterprise is typically much more conservative and takes a long time to evaluate products.”
He highlighted Apple’s twin track strategy for the enterprise – working with mobile operators and also doing some direct selling itself. “We work with carriers sales forces, and they have very large ones because they sell their services into enterprise, and many of these enterprises want one of our devices connected to it,” he said.
“We (also) do some sales directly ourselves, or act as an overlay sales force to a channel that sells to enterprise. I would characterise this as, we're still building it out, and we do a bit better each quarter. We're very, very happy... about the level of interest and taking people to the pilot and initial deployment stages. And now our attention is moving to penetration within those accounts, versus … getting on the standards list.
At the Worldwide Developers Conference last month, Apple introduced its next mobile OS, iOS 5, and the iCloud syncing and hosting service for music, photos and other data.
"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," CEO Steve Jobs said in a statement.
Apple also sold 3.95 million Macs in the third quarter, a 14 percent increase from last year, it said.
The company expects revenue of about $25 billion for the fourth fiscal quarter of 2011.