Apple Sold 5.2 Million iPhones Last Quarter

Today Apple reported its third quarter financial results with the world which beat expectations. Apple sold more than $8 billion in sales and compared to a year ago, it increased by 12 percent. They also made a quarterly profit of $1.23 billion up by $400 million from the year before.

Apple said it is struggling to keep up with the sales demand of the new iPhone 3GS and said it had sold over 5.2 million iPhones in its third quarter alone, an increase of over 600% compared to the same time last year.

"Were making our most innovative products ever and our customers are responding," said Steve Jobs, Apples CEO. "Were thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year."

"Were extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion", said Peter Oppenheimer, Apples CFO. "Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $8.7 billion to $8.9 billion and we expect diluted earnings per share in the range of about $1.18 to $1.23."

Clearly Apple is doing something right! I've really got to hand it to them, five or six years ago I probably wouldn't have touched their products with a ten-foot pole but it seems like everyone these days has an Apple device or multiple, me included. Their innovation continues to flourish and with Steve Jobs back at the helm, anything is possible.