Apple’s stock price surged past $400 for the first time, after record sales of iPhones and iPads pushed third-quarter profit beyond estimates. Net income during the period was $7.31 billion ($7.79 per share), which is more than double of last year’s $3.25 billion ($3.51 per share). This was helped by iPhone sales in China, where total revenue jumped sixfold to $3.8 billion.
Overall sales jumped 82 percent to $28.6 billion. Analysts had predicted a profit of $5.87 per share and a revenue of $25 billion. Apple sold 20.3 million iPhones and 9.3 million iPads in the third quarter, which ended June 25. Mac computer sales were 3.95 million
Having overcome supply shortages for the iPad 2 after its March debut, saw sales of the iPad soar, reported Adam Satariano of Bloomberg. The tablet is now Apple’s second-largest source of revenue – behind the iPhone – less than two years after its initial launch.
After the results were released, Apple shares shot up 7.5 percent to $405 in extended trading. The stock is up 17 percent this year.
The report eased investors’ concerns that sales would suffer from the lack of a new iPhone, which isn’t expected until September. The Cupertino, California-based company also has been operating without the day-to-day attention of Chief Executive Officer Steve Jobs, who has been on medical leave since January.
Apple’s results assuaged worries by investors that sales would suffer because a new iPhone will only be available in September. Its foray into China and other fast-growing economies helped compensate slower growth in the U.S. Sales in China, Taiwan and Hong Kong accounted for $8.8 billion in the first three quarters of the fiscal year, Apple revealed.
The Wall Street Journal has cited unmamed sources familiar with the issue that since Jobs went on leave, some members of Apple’s board have discussed CEO succession with executive recruiters. The talks included at least one head of a high-profile technology company, the Journal added.
The results also substantiated the belief that tablets are cannibalizing sales from traditional personal computers. Apple claims that 86 percent of Fortune 500 companies are testing or deploying the iPad, and disclosed that sales of the tablet beat those of the Mac computer among primary and secondary schools.
![Plenty of expansion possibilities for the Mac mini.](http://images.apple.com/macmini/images/design_possibilities.jpg" "Plenty of expansion possibilities for the Mac mini.")
The Thunderbolt display is a 27-inch IPS widescreen display that will enhance the experience for making FaceTime HD video calls, surfing the Web and viewing movies and photos.
With a 16:9 edge-to-edge glass design, the Thunderbolt Display uses IPS technology to provide a brilliant image across a wide 178 degree viewing angle. Any Thunderbolt-enabled Mac notebook can dock with the display to quickly and easily replicate a full-fledged desktop solution.
Featuring two bi-directional channels with transfer speeds up to a blistering 10Gbps each, each Thunderbolt port delivers PCI Express directly to external peripherals such as high performance storage and RAID arrays, supports DisplayPort for high resolution displays and works with existing adapters for HDMI, DVI and VGA displays. Data transfer for Thunderbolt is up to 12 times faster than FireWire 800 and up to 20 times faster than USB 2.0.
MacBook Air is available in compact 11-inch and 13-inch models that feature a durable aluminium unibody enclosure measuring only 0.3 cm at its thinnest point and 1.7 cm at its thickest. Flash storage allows MacBook Air to turn on instantly and deliver fast data access, improved reliability and energy efficiency.
The Multi-Touch trackpad supports Lion’s new Multi-Touch gestures such as momentum scrolling, tapping or pinching your fingers to zoom in on a web page or image, and swiping left or right to turn a page or switch between full screen apps.
MacBook Air also features a thin but brilliant, high resolution LED backlit display. Ultra-fast Wi-Fi, enables wireless download of apps from the Mac App Store, data back-up to Time Capsule and quick and easy file sharing using AirDrop. MacBook Air includes Bluetooth for wireless peripherals and two USB ports for easy connectivity for wired and wireless devices.
The OS X Lion Up-to-Date upgrade will be available through the Mac App Store at no additional charge to all customers who purchased a qualifying new Mac system from Apple or an Apple Authorized Reseller on or after June 6, 2011. Users must request their Up-to-Date upgrade within 30 days of purchase of their Mac computer. Customers who purchased a qualifying Mac between June 6, 2011 and July 20, 2011 will have until August 19, 2011 to make a 
At the Worldwide Developers Conference (WWDC) 2011 today, Scott Forstall – Apple’s senior vice president of iOS – paraded 10 of the promised 200 new features for the iPhone, iPad, and iPod Touch. Although customers will only be receiving the update in autumn, developers will get their version of iOS 5 today.
Notification Center provides iOS 5 users with an innovative way to easily access all notifications―text messages, missed calls, calendar alerts, app alerts and more, all in one place, from anywhere in iOS 5. When they arrive, notifications appear briefly at the top of the screen without interrupting what you’re doing. With one swipe you can see all your notifications, and a simple tap will take you right to its app for more detail. Notifications also appear on the lock screen, with the ability to be taken to the notifying app with just one swipe. This is similar to the consolidated notification alert bar and window on newer BlackBerry devices like the 
Newsstand is an easy-to-organise bookshelf displaying the covers of all your newspaper and magazine subscriptions in one place. A new section of the App Store features just subscription titles, and allows users to quickly find the most popular newspapers and magazines in the world. For subscribed titles, new issues appear in the Newsstand and are updated automatically in the background so you always have the latest issue and the most recent cover art.
Safari sees new features for the browser in iOS 5. Safari Reader will strip down poorly formatted pages into an RSS-like view, and provides a link that allows you to e-mail the entire text of a story from within Safari. Reading List lets you save articles to read later and they automatically show up on all your iOS devices. Tabbed browsing is now available on the iPad making it easy to flip between multiple web pages on the tablet.
iOS 5 includes built-in Twitter integration, so you can sign in once and then tweet directly from all your Twitter-enabled apps, including Photos, Camera, Safari, YouTube and Maps with a single tap. New APIs give third party developers the ability to take advantage of the single sign-on capability for their own iOS 5 apps.
iMessage in iOS 5 brings the functionality of iPhone messaging to all of your iOS devices―iPhone, iPad and iPod touch. Built right into the Messages app, iMessage allows you to easily send text messages, photos, videos or contact information to a person or a group on other iOS 5 devices over Wi-Fi or 3G. iMessages are automatically pushed to all your iOS 5 devices, making it easy to maintain one conversation across your iPhone, iPad and iPod touch. iMessage also features delivery and read receipts, typing indication and secure end-to-end encryption.
With the new PC Free feature, iOS 5 users can activate and set up their iOS device right out of the box with no computer required, and iOS software updates are delivered over the air and installed with just a tap. Wi-Fi Sync in iOS 5 transfers and backs up your content securely over SSL and wirelessly syncs purchased content from your device to your iTunes library.
• Game Center, now with the ability to add photos to your profile, purchase new games from within the Game Center app and easier ways to find friends and new games.
The iOS 5 beta software and SDK are available immediately for iOS Developer Program members at 
“Today it is a real hassle and very frustrating to keep all your information and content up-to-date across all your devices,” said Steve Jobs, Apple’s CEO. “iCloud keeps your important information and content up to date across all your devices. All of this happens automatically and wirelessly, and because it’s integrated into our apps you don’t even need to think about it—it all just works.”
• The App Store and iBookstore can now download purchased iOS apps and books to all a user’s devices, not just to the device they were purchased on. Simply tapping the iCloud icon will download any apps and books to any iOS device (up to 10 devices) at no additional cost. The App Store and iBookstore now let a user see his/her purchase history.
• iCloud Storage seamlessly stores all documents created using iCloud Storage APIs, and automatically pushes them to all of a user’s devices. When document is altered on any device, iCloud automatically pushes the changes to all the other devices. Apple’s Pages, Numbers and Keynote apps are already using iCloud Storage. Users get up to 5GB of free storage for their mail, documents and backup — and this does not include the storage for music, apps and books purchased from Apple, as well as the storage required by Photo Stream. Users will be able to buy even more storage, with details announced when iCloud ships this fall.
iCloud
The iOS 5 beta software and SDK are available immediately for iOS Developer Program members at 
Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing, briefed WWDC 2011 attendees on the eighth major release of Apple’s desktop operating system, which features more than 250 new features and 3,000 new developer APIs.
Mac OS X Lion will be available in July as an upgrade to Mac OS X version 10.6 Snow Leopard from the Mac App Store for US$29.99. At about 4GB, it is the size of an HD movie from the iTunes Store. Mac OS X Lion Server requires Lion and will be available in July from the Mac App Store for US$49.99.
The 
