BY BOB HOLT

NEWJERSEYNEWSROOM.COM

Apple’s financial results for its third fiscal quarter saw its best quarter ever, seeing increases in revenue of 82 percent and profits rising 125 percent.

CEO Steve Jobs said, according to Mac Rumors, "We’re very focused and excited about bringing iOS 5 and iCloud to our users this fall." And Tech Crunch reports that Apple Chief Financial Officer Peter Oppenheimer made it official: the company will release its new system, OS X Lion, Wednesday morning.

In June, Apple previewed iOS 5 and iCloud at the World Wide Developers Conference, and said both will be launching this fall. Another hint of the upcoming release came when Oppenheimer said, when asked why revenues look strong next quarter, said “there is a lot going on this fall,” and mentioned “a future product transition that we won’t talk about today.”

Apple’s sales of iPads were up 183%, and they launched the iPad 2 in 36 new countries, and it is now in 64 countries. The App Store continues to do well, with 425,000 apps, 15 billion downloads, and $2.5 billion paid to developers.

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Since Jobs went on medical leave in January, a Mac Daily News story from the Wall Street Journal reported that some members of the Apple board have discussed CEO succession, according to people familiar with the matter.