Apple results blow past expectations again in 3Q

Apple Inc. Chairman and CEO Steve Jobs stands under images of the iPad 2 at an Apple event at the Yerba Buena Center for the Arts Theater in San Francisco, Wednesday, March 2, 2011. (AP Photo/Jeff Chiu)

July 19, 2011 2:16:32 PM PDT
Apple says results trumped expectations for yet another quarter, with iPhone and iPad sales setting new records.

Net income in the fiscal third quarter, which ended in June, was $7.31 billion, or $7.79 per share. That's more than double the $3.25 billion, or $3.51 per share, a year ago.

Analysts polled by FactSet were expecting earnings of $5.82 per share.

Revenue was $28.6 billion, up 82 percent from $15.7 billion a year ago. Analysts were expecting $24.8 billion.

The results were lifted by the sale of 20.3 million iPhones, millions more than analysts had expected.

IPad sales came in at 9.25 million units, also above analyst expectations.