Apple Rocks Investors with Big Sales, Record Quarterly Revenue, and Serious Bragging Rights

Apple AAPL had a lot to celebrate this earnings season with growing sales for the iPhone (up 142%) and iPad (up 183%). The company reported record quarterly revenue of $28.6 billion and record quarterly net profit of $7.31 billion. While sales of the iPod Touch, Classic, Nano and other “music-related products and services” (presumably iTunes) can't compare to the record-breaking iPhone or iPad, this segment is no slouch, earning Apple a solid $1.6 billion in revenue. Despite the love American consumers have for all things Apple, the company reports that international sales accounted for a whopping 62% of the quarter's revenue. With more than $13 billion in iPhone revenue, Apple sold more than 20 million units of the nation's leading phone. More than nine million iPads were devoured by consumers, providing Apple with an impressive $6 billion in revenue. The Mac line of computers also saw a 14% increase in sales, pushing 3.95 million units onto eager consumers. Only the iPod – the device that enabled Apple to crawl its way back to the top – saw a decline in the quarter (20%). Still, the little-MP3-player-that-could managed to sell 7.5 million units. “We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” Steve Jobs bragged in a press release. “Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall.” Peter Oppenheimer, CFO of Apple, sounded equally excited. “We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year,” he said in a press release. “Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.” Follow me @LouisBedigian