Edible Apple

Apple’s earnings for the third fiscal quarter of 2010 blew past analyst estimates as Apple posted a 77% increase in profits on record sales of Macs and $15.7 billion in revenue.

Following the release of Apple’s earnings statement, Apple executives took some time to answer analyst questions about Apple’s business. Here are some of the highlights.

- Apple’s record sale of 3.47 million Macs is 100,000 higher than the previous record for quarterly Mac sales

- iPod sales are down quarter to quarter, though iPod Touch sales increased by 48%

- iTunes Store Revenue checked in at $1billion+ during the quarter

- Retail revenue is up 74%

- Cash on hand is an astounding $45.8 billion

- North Carolina data center should be operational by the end of the year

- iPhone sales were up 61% in June quarter

- International sales are astounding, representing 52% of Apple’s revenue. Mac sales are up 73% in Asia-Pacific region. Apple noted there is more room for international growth, and hardest challenge is figuring out which opportunities to pursue.