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Apple rakes in $7.31 billion profit in just 3 months

iPhone maker reports record sales and earnings for its third fiscal quarter

Apple has posted record sales and earnings for its fiscal 2011 third quarter ended June 25, 2011.

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The company reported revenue of $28.57 billion and a profit of $7.31 billion for the three month period, up from $15.70 billion and $3.25 billion in the same quarter a year ago.

The company sold 20.34 million iPhones in the quarter, up 142 percent year-over-year, as well as 9.25 million iPads, representing a 183 percent unit increase, and 3.95 million Macs, up 14 percent. iPod sales declined 20 percent to 7.54 million units.

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

Yesterday Apple sent over its picks of the new titles available on the iOS app store this week. The biggest name on the list for us is Tom Clancy's Rainbow Six: Shadow Vanguard HD which can now be snapped up for five quid on the iPad. Get the full list through here.

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