Apple Reports $7.31 billion In Quarterly Profits

Prior to today’s earnings call, Apple has released their quarterly results, and yet again it’s a gangbuster quarter:

The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

That’s right, profits are up more than 100% compared to last year. iPhone sales are up 142%, moving 20.34 million units, and 9.25 million iPads, an increase of 183%.

While Mac sales were up 14% to 3.95 million, the iPod continues its slow decline, with sales down 20% to 7.54 million.

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

Apple’s CFO Peter Oppenheimer pegged Q4′s revenue at a slightly lower $25 billion, or $5.50 a share. Even though the next iPhone launch is pegged for the near future, Apple’s Q4 ends in late September, so it is unlikely to see the boost of the next model.