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Apple has Huge iPhone and iPad Sales


Apple CEO Steve Jobs with iPhone, left, iPad, center, iPod Touch, right, at Apple announcement in San Francisco, Wednesday, Sept. 1, 2010. (AP Photo/Paul Sakuma)

It looks like the iPhone is continuing to gain in popularity and the folks at Apple are loving it.


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The company released its third quarter results on Tuesday and Apple’s iPhone and iPad sales were higher than expected, helping the tech company earn a net profit of $7.3 billion and quarterly revenue of $28.57 billion–both are records for Apple.

Apple sold 20.34 million iPhones this quarter, which is a 142 percent unit growth for the company during the same time last year.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” Apple’s CEO Steve Jobs said in a statement. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

Added Apple’s CFO Peter Oppenheimer: “We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year.”

Some other key sales for Apple include:

They sold 9.25 million iPads during the quarter (183 percent increase) and 3.95 million Macs (14 percent increase). There was, however, a decline in iPod sales with the company selling 7.54 million devices, which represents a 20 percent decline from a year ago.

More articles filed under Entertainment News

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