Apple, the electronics company, reports $15.7 billion in sales and 3.25 billion in profit during the fiscal third quarter. The figures, largely attributed to record Mac sales and the iPad's strong debut, was announced as part of the company's third-quarter earnings announcement.

Apple's revenue increased by 61 percent from $9.73 billion compared to the same period last year, with profits up by almost 78 percent from $1.83 billion.

Apple earned $3.51 per share, a 75 percent increase from $2.01, the company's earnings from the same period last year. The results are better analyst expectations, which had the company at $3.10 a share and $14.74 billion in revenue.

During the three-month period, Apple sold 3.47 million Macs, which is a quarterly record for the company. The figures show a 33 percent increase in Mac sales. Last year, the company sold 2.6 million units sold in the third quarter.

The time period was also the first full quarter of sales for Apple's new tablet, the iPad. The company says 3.27 million iPads were sold for the quarter.

Apple also sold 8.4 million iPhones. The figure is a 61 percent increase over last year's figures. On the other hand, sales for the iPod dropped. Only 9.41 million iPods were sold. The figures saw an 8 percent drop from the 10.2 million iPods sold last year.

For the fourth quarter, which ends in Spetember, analysts predict $17.03 billion in revenue and earnings of $3.82 per share.