Riding on sales of iPhones and iPads, Apple Inc has reported an over two-fold growth in net income to $7.31 billion for the April-June quarter of 2011.
In the year-ago period, the iPhone maker had posted a net income of $3.25 billion, Apple said.
The company registered a record quarterly revenue of $28.57 billion in the third quarter ended June 25, 2011, as compared to $15.17 billion in the year-ago period, a jump of 82 per cent.
The technology giant has attributed its strong quarterly performance to robust sales of iPhones and iPads.
"We're thrilled to deliver our best quarter ever, with revenue up 82 per cent and profits up 125 per cent," Apple chief executive officer Steve Jobs said, adding, "Right now, we're very focused and excited about bringing iOS 5
and iCloud to our users this fall."
During the quarter, Apple sold 20.34 million iPhones, translating into 142 per cent unit growth vis-a-vis the year-ago period.
In addition, Apple sold 9.25 million iPads, a 183 per cent unit jump over the year-ago quarter. Furthermore, the firm sold 3.95 million Macs during the quarter, a 14 per cent unit increase over the year-ago period.
However, sales of iPods declined by 20 per cent from the year-ago period to 7.54 million in the third quarter of fiscal 2011.
"We are extremely pleased with our performance, which drove quarterly cash flow from operations to $11.1 billion, an increase of 131 per cent year-over-year," the company's chief financial officer, Peter Oppenheimer, said.
Looking ahead to the fourth quarter of 2011, the company expects to achieve a revenue of about $25 billion and earnings per share of about $5.50 apiece.