pple reported record revenue for its fiscal third quarter of 2010, on the back of its newly-launched iPad and record Macintosh sales.
Apple reported a net profit of $3.25 billion on revenue of $15.7 billion, both of which shot up dramatically from a year ago, when Apple reported profits of $1.83 billion on revenue of $9.73 billion.
Analysts only expected Apple to report $14.62 million in revenue, which means that Apple could be in good shape to overtake rival Microsoft in revenue when Microsoft reports later this week. Microsoft is expected to report revenue of $15.25 billion, according to the Thomson Reuters poll.
Apple sold a record 3.47 million Macintosh computers for the quarter, up by 33 percent a year ago, and iPhone sales increased by 61 percent compared to a year ago to 8.4 million units. Apple sold 1.147 million desktops and 1.796 notebook Macs, for a total of $1.53 billion and $2.23 billion in revenue, respectively.
iPod sales dropped by 8 percent to 9.41 million. As for the iPad, Apple said that the tablet sold 3.27 million units.
"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," said Steve Jobs, Apple's chief executive, in a statement. "iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year."
Apple plans to hold a conference call with analysts later on Tuesday to discuss its results. The company said that it expects record revenue of $18 billion for the fourth fiscal quarter of 2010.
Editor's Note: Since the audio on Apple's Webcast dropped out and stopped working on numerous occasions, the author was unable to provide a followup following the conference call.
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