After creating storm by Iphone 3GS, Apple once again proved it to be the Leader by announcing its breakthrough financial results for the 3rd quarter despite recession.

The Californian giant reported its revenues $8.34bn – up almost 12% from the same time last year.

In June company started selling Iphone 3GS and by June 27,2009 the company had already sold 5.2 million phones.

Apple’s shares, which had closed at $151.51, down 0.91% for the day, rose sharply in after-hours trading. By 5:49 p.m. its shares had climbed 4.3% to $158.03.

The stock has been one of the market’s best performers of 2009, having risen nearly 80% against the Nasdaq’s 21%.

Highlights from Apple’s earnings report include:

* Mac sales: 2.6 million units, up 4% year over year
* iPhone sales: 5.24 million units, up 626%
* iPod sales: 10.2 million units, down 7%
* Gross margin: 36.3%, up from 34.8% last year
* Cash holdings: $31.1 billion, up $2.2 billion for the quarter.
* Guidance for the September quarter: revenue between $8.7 and $8.9 billion, EPS between $1.18 and
$1.23, and gross margins of 34% — considerably higher than expected.

Detailed report on Apple financial results

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