Apple announced announced results for the June quarter on Tuesday, and the company has once again hit an all-time record for both revenue and earnings. The posted revenue of US$28.57 billion with earnings of $7.31 billion ($7.79 earnings per share or EPS). This compares to $15.7 billion in revenue a year ago, with $3.25 billion in earnings.
“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” Apple CEO Steve Jobs said in a statement. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
The company reported gross margins of 41.7%, much higher than the company had guided for or had been expected by analysts. Apple also said that international sales accounted for 62% of the company’s revenue, representing extraordinary growth outside the U.S.
Looking at unit sales, Apple sold 20.34 million iPhones during the quarter, which is up 142% year-over-year. Apple also sold 9.25 million iPads, which represents 183% year-over-year growth. Both numbers are well above consensus estimates.
Apple sold 3.95 million Macs, which is near to what had been expected, and represents 14% year-over-year growth. Preliminary numbers from Gartner released late last week put the PC industry as having grown 2.3%, meaning that Apple has once again far outpaced the Wintel world in terms of growth.
Apple CFO Peter Oppenheimer said that Apple’s cash hoard grew by $11.1 billion during the quarter (up 131% year-over-year), and offered guidance of $25 billion in revenue and EPS of $5.50 for the September quarter.
*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.