Apple is All Sweet with Record Q3 Revenue

Apple has announced financial results for its fiscal 2010 third quarter ended June 26, 2010. The company posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share.

These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter. Gross margin was 39.1 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 52 percent of the quarter’s revenue.

According to the company, it sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. It sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter.

Moreover, the company sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.  It began selling iPads during the quarter, with total sales of 3.27 million.

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Peter Oppenheimer, Apple’s CFO.  “Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44″ 

Apple will provide live streaming of its Q3 2010 financial results conference call beginning at 2:00 p.m. PDT on July 20, 2010 at www.apple.com/quicktime/qtv/earningsq310/.

This webcast will also be available for replay for approximately two weeks thereafter, says the company.

Related posts:


KFC Calls Rivals to Taste its New Doublicious
Obama, The War on AIDS Has Not Been Won
Over 50 Vehicles to Get Unveiled at LA Auto Show
How Kia Motors Plans to Play Super Bowl
Kia Forte Koups Make California Racing Debut
Nominated for 11 Academy Awards HUGO on Blu-ray
Sikorsky Legacy of Heroes Helicopter to Visit India
Female Social Media Users Lack Confidence: Study
Amazon to Develop Comedy and Children’s Series
Matthew Singerman to Lead WWE Programming

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

HTML tags are not allowed.