Apple, which is currently the most valuable technology company in the U.S. and the second most valuable U.S. company overall, reported earnings of $3.51 per diluted share. This is significantly higher than the $3.11 per share estimates from Wall Street analysts.
Apple sold 3.47 million Macs in the quarter, which is a new quarterly record for the company, and 8.4 million iPhones. iPhone sales were up 61% year-over-year. Apple’s newest product, the iPad, sold 3.27 million units.
Apple CEO Steve Jobs said in the company’s statement, “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4.”
It’s telling that international sales accounted for 52% of Apple’s quarterly revenue and that the continued growth in countries outside of the U.S. is having a positive impact on all of the company’s major product categories.
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