NEWS: Around 30 Million iPhones and iPads sold in Q3.

Some time back I had posted an article on Top 10 Most valued Tech Brands. It showed how Apple has started dominating the tech world. Now to take things further Apple has posted a net profit of $7.31 Billion in Q3 and their revenue is at $28.57 billion


Apple sold 20.34 million iPhones an increase of 142% and 9.25 million iPads an increase of 183% during Q3 as compared to previous year. There was even a 14% increase in Mac sales YOY. All this has resulted into apples cash reserve at $75 billion in cash.

Apple CEO Steve Jobs said, “We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent. Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

Looking at these numbers it clearly indicates how Apple has left Google, IBM and Microsoft far behind in this rat race. Apple has once again proved that innovation, performance and usability are the keys to success for any tech brand.

Shares of Apple were trading up more than 5% to $397 per share in after hours trading — a new all-time high for the company.

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