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AAPL Stock: 102.5 ( + 0.25 )

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Apple posts 'highest quarterly revenue ever' for Q3

updated 04:45 pm EDT, Tue July 20, 2010

Claims 8.4 million iPhones, 3.27 million iPads

Apple has announced results for its third fiscal quarter, which ended on June 26th. Revenue reached $15.7 billion, generating a net quarterly profit of $3.25 billion, or $3.51 per diluted share. The results are up substantially year-over-year, as Q3 2009 had revenue of $9.73 billion, and a net profit of $1.83 billion, or $2.01 per share. Gross margin was 39.1 percent in 2010 versus 2009's 40.9 percent. Apple notes that international sales accounted for 52 percent of quarterly revenue.

The period notably included Apple's first iPad sales, measured at 3.27 million units. 3.47 million Macs were sold, which Apple says is a quarterly record, and a 33 percent year-over-year growth. iPhone sales were up 61 percent to 8.4 million, though including just a relative handful of iPhone 4s, as the device was officially launched June 24th. iPod sales continued their decline, falling 8 percent to 9.41 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," reads a PR statement from Apple CEO Steve Jobs. "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."

CFO Peter Oppenheimer adds that the company produced over $4 billion in cash, and that Q4 guidance calls for $18 billion in revenue, with EPS of $3.44.






by MacNN Staff

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Comments

  1. testudo

    Joined: Dec 1969

    +1

    year over year

    Remember when looking at year over year numbers that last year they were still subscribing iPhone sales, which they stopped doing, I think, the beginning of this year.

  1. tsmelker

    Joined: Dec 1969

    +2

    Here's mud in yer eye....w91t.

    Micro$oft!

  1. tsmelker

    Joined: Dec 1969

    -4

    Who cares, testicludo...

    Apple was posting quarter-after-quarter profits even before the iPhone came out. And they've been doing that for the last 17 years. Do you think Microsoft will factor out their XBox or Kin figures in their quarterly earnings reports?

  1. CityGuide

    Joined: Dec 1969

    +4

    We care

    testudo is only reminding us the accounting methods Apple used to report iPhone sales at this time last year factored in only a percentage of the total purchase, following regulatory guidance. In this reporting period, Apple is freed of that requirement. So, investors and stockholders, casual or otherwise, will have to take that into account when deciding what this means to their holdings.

    Or as I see it, if you have Apple stock you call the wife or SO and say "we're going to the steakhouse tonight for dinner". And if you don't, well, you might check the specials at the grocery on the way home.

  1. tsmelker

    Joined: Dec 1969

    +5

    If you own any Apple Stock...

    you're already a happy camper, whether you figure in iPhone's sales or not. Especially since Apple's stock is sitting at 251.89 a share (compared with Microsoft's stock price of 25.48 a share). Meh.

  1. testudo

    Joined: Dec 1969

    +2

    Re: Who cares, testicludo...

    Apple was posting quarter-after-quarter profits even before the iPhone came out.

    Oh, they have? Last I checked, in 1998, they were bleeding money, so I figured they've been doing that still...

    And they've been doing that for the last 17 years.

    Um, no they haven't. Twelve at most. They were losing money hand over fist back in the mid-to-late 90s. And I mean A LOT OF MONEY, not piddly "Apple posted a loss of 23 million".

    Do you think Microsoft will factor out their XBox or Kin figures in their quarterly earnings reports?

    Who the h*** cares what MS does with their earnings report? And who the h*** said to 'factor out' any figures.

    All I said was that, last year, Apple was subscribing it's iPhone revenue. As such, this years numbers will be inflated if compared directly to last years numbers unless you compare them to the 'non-subscribed' figures Apple released at the time (for, during those quarters, Apple's official numbers were subscribed, they did give guidance to investors during the conference calls as to what their numbers would be if not subscribed).

    Oh, and sooooo funny with the name. Your friends in your third-grade class must be laughing up a storm right now...

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