Apple Insider posted a story that Apple said Tuesday that third-quarter profits rose just over 20% percent to $8.8 billion, or $9.32 per diluted share, on sales of $35.0 billion for the three-month period ended June 30, 2012.

The results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

Apple sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter, in addition to 17.0 million iPads -- an 84 percent unit increase over the year-ago quarter.

  Apple's profits rise 20% on sales of 26M iPhones, 17M iPads, and 4M Macs