With the recent announcement of Apple’s earnings for the third quarter of fiscal 2011, it was revealed that the Silicon Valley-based technology giant sold 9.25 million iPads, which is a 183 percent spike over the year-ago quarter.
These new numbers are in addition to the 4.69 million iPads sold last quarter and the 7.3 million sold in Q1. Higher sale rates of the iPad 2 were expected in Q2, however the company faced issues with production, which resulted in a limited supply of the device, despite the large demand.
Though the iPad 2 was only available for a limited time during the second quarter, all sales of the tablet in Q3 represent this updated device, as the original iPad was discontinued in March.
These financial results represent an 82 percent increase in revenue and a 125 percent increase in profits. Apple Inc. is now sitting on $76 billion in cash, which is $10 billion more than it was 90 days ago.
This year continues to be successful for Apple, which had second quarter revenues of $24.67 billion, almost $8 billion more than its competitor Microsoft, which had $16.43 billion in revenue.
While the iPad and iPad 2 have been wildly successful for the company, other hardware, like the iPhone, iPod and Macs, turn a profit just as well. In this past quarter Apple sold 3.95 million Macs, 20.34 million iPhones and 7.5 million iPods.
Adding to speculation of an iPad HD and iPhone 5 in development, Apple CFO, Peter Oppenheimer, said Apple has a lot planned for the fall, including an unspecified “future product transition,” as reported on ThisIsMyNext.