Apple (NasdaqGS: AAPL - news) has smashed Wall Street expectations yet again, announcing record third quarter sales and profits as the company said it 'sold every iPad it could make'.
Sales of iPhones and iPads more than doubled compared with last year, as Apple (Xetra: 865985 - news) said it made a net profit of $7.31bn (￡4.54bn) on revenues of $28.57bn in the quarter ending June 25, smashing expectations of $24.99bn.
Shares rose 6pc to $399.53 in after-hours trading as the company said it sold 9.25million iPads during the quarter, a 183pc increase compared with this time last year.
Apple's 20.34million iPhone unit sales represented a 142pc year-on-year increase.
The only blemish on Apple's shining results came from its iPod sales, which fell 20pc year-on-year to 7.54m units.
“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Apple boss Steve Jobs.
“Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
Shares of the world's most valuable technology company have emerged from the limbo they had fallen into since Mr Jobs took leave last January for unspecified medical reasons.
Shares have gained nearly 19pc since hitting a year low on June 20. The rally has added $54.8bn to Apple's market cap since then.
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