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Apple demolishes Street, posts new Mac unit sales record; shares jump in after-hours trading
Mac Daily News ^ | Tuesday, July 20, 2010 - 05:32 PM EDT | Apple Inc.

Posted on 07/20/2010 2:01:07 PM PDT by Swordmaker

Apple today reported earnings of $3.51 EPS and revenue of $15.7 billion.

Analysts' consensus called for Q3 earning per share (EPS) of $3.11 on revenues of $14.75 billion and:

In after-hours trading, AAPL shares jumped $8.11, or +3.22%, to $260.00.

Apple's press release, verbatim:

Apple today 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.

Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. The Company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter. The Company 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.”

Source: Apple Inc.


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: ilovebillgates; iwanthim; iwanthimbad; microsoftfanboys
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1 posted on 07/20/2010 2:01:14 PM PDT by Swordmaker
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To: Swordmaker
Mac unit sales record

Homosexuality is indeed spreading.

2 posted on 07/20/2010 2:06:07 PM PDT by humblegunner (Pablo is very wily)
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To: humblegunner

“Homosexuality is indeed spreading.”

It appears stupidity is also


3 posted on 07/20/2010 2:16:07 PM PDT by cowtowney
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To: humblegunner

Could you explain the alleged connection?


4 posted on 07/20/2010 2:16:09 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Swordmaker
Apple blows past Street expectations and sets another record on earnings and profits! PINGS !


5 posted on 07/20/2010 2:17:28 PM PDT by Swordmaker (Remember, the proper pronunciation of IE is AAAAIIIIIEEEEEEE!)
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To: ~Kim4VRWC's~; 1234; 50mm; Abundy; Action-America; acoulterfan; AFreeBird; Airwinger; Aliska; ...
Apple blows past Street expectations and sets another record on earnings and profits! PINGS !


6 posted on 07/20/2010 2:21:24 PM PDT by Swordmaker (Remember, the proper pronunciation of IE is AAAAIIIIIEEEEEEE!)
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To: All

Apple’s stock is up $8.47 in after hours trading...


7 posted on 07/20/2010 2:23:44 PM PDT by Swordmaker (Remember, the proper pronunciation of IE is AAAAIIIIIEEEEEEE!)
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To: Swordmaker

• iPod touch grew 48% YOY. ASP grew 12%. Total iPod revenue growth 4%

• iPhone currently on 154 carriers in 88 countries

• iPhone and iPhone-relaed revenue during quarter was $5.33 billion vs. $3.06 billion YOY, 76% increase $595 ASP

• 1.7 million iPhone 4’s sold in countries in which it was launched during the quarter

• Over 5 billion apps downloaded from App Store.

• iTune Store revenue exceeded $1 billion revenue in quarter

• July 23: iPad comes to 9 more countries

• $640 iPad ASP

• 100 million iOS device milestone surpassed during quarter


8 posted on 07/20/2010 2:29:09 PM PDT by Swordmaker (Remember, the proper pronunciation of IE is AAAAIIIIIEEEEEEE!)
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To: Swordmaker
Apple sold 8.4 million iPhones, up 61%
iPhone shipments: 8.7 million

Are these working units? ;-)

9 posted on 07/20/2010 2:32:55 PM PDT by TomServo
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To: Swordmaker

Poor Bastards! LOL

All the way to the bank.


10 posted on 07/20/2010 2:33:36 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: Swordmaker

Its good to see an American company doing well for a change.


11 posted on 07/20/2010 2:37:21 PM PDT by Paradox (Socialism - trickle up poverty.)
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To: Swordmaker

These numbers give me a headache. What makes me sick is that for the most part 95% of those people are democrats. Al Gore is getting richer by the moment (on Apple’s Board).


12 posted on 07/20/2010 3:06:34 PM PDT by Codeflier (Bush, Clinton, Bush, Obama - 4 democrat presidents in a row and counting...)
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To: humblegunner

Try to make your next joke less obscure or at least funny... aren’t joke supposed to BE funny?


13 posted on 07/20/2010 3:09:52 PM PDT by RachelFaith (2010 is going to be a 100 seat Tsunami - Unless the GOP Senate ruins it all...)
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To: Codeflier

Anyone can or could have bought Apple stock when it was less than $35 just a few years ago.

This isn’t about Liberals, this IS Capitalism!


14 posted on 07/20/2010 3:11:21 PM PDT by RachelFaith (2010 is going to be a 100 seat Tsunami - Unless the GOP Senate ruins it all...)
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To: RachelFaith

Except they have the entire liberal media behind them promoting everything they do as the best, when there are sometimes better or equal alternatives. Without all the democrat media power at the top pushing them every waking minute, they wouldn’t be as successful.


15 posted on 07/20/2010 3:17:07 PM PDT by Codeflier (Bush, Clinton, Bush, Obama - 4 democrat presidents in a row and counting...)
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To: humblegunner

Did you suffer from a traumatic head injury.... or have you always been stupid?

I own Apple products and I’m not a homo. I own Apple products because I like the products and the incredible customer service. I own Apple products because I can afford them.

It is all too often the case, that when one makes such a baseless allegation, the person making the allegation is, in reality, preoccupied with their own fantasy, dreams and curiosity about their own confused sexual identity.

Humblegunner, how long have YOU been gay? Are we the first to know? Do you believe you were born this way or did you simply decide that you liked boy parts better than girl parts?

Do you like Gladiator movies? My money says that you do.


16 posted on 07/20/2010 3:36:12 PM PDT by Gator113 (God save the Republic.....)
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To: Gator113
I own Apple products and I’m not a homo.

Cafe Press could make you a shirt that says that.

Then you could convince everyone!

17 posted on 07/20/2010 3:42:40 PM PDT by humblegunner (Pablo is very wily)
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To: Codeflier
Except they have the entire liberal media behind them promoting everything they do as the best, when there are sometimes better or equal alternatives.

So, Apple is a liberal conspiracy? One that Rush Limbaugh, Michelle Malkin, and Karl Rove also buy into? RIGHT. OK.

Did it ever occur to you, Code, that it is just possible that Apple products ARE better?

18 posted on 07/20/2010 3:55:23 PM PDT by Swordmaker (Remember, the proper pronunciation of IE is AAAAIIIIIEEEEEEE!)
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To: Codeflier

Hate to tell you, but the Dems are thick in Microsoft-land as well...


19 posted on 07/20/2010 4:01:13 PM PDT by Crusher138 ("Then conquer we must, for our cause it is just")
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To: humblegunner

Please Humblegunless, don’t feel bad and lash out with insults. You are among friends.

We don’t agree with your twisted sexual preference and many of us think that your behavior is gross, but we know of the gental kindness that you show everyone has value.

Yes, Humblegunless, we love you anyway. We just hope that you will someday change your mind and go back to liking girls.

Did it take you long to get used to feeling hairy legs of another man against you in bed at night? Look, you don’t have to stay gay... YOU CANGE CHANGE.


20 posted on 07/20/2010 4:01:27 PM PDT by Gator113 (God save the Republic.....)
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