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.
“I have Ronald Reagan speeches loaded on my iPod.”
I had never thought of doing that. What a wonderful idea. I will set mine up tomorrow.
His 1980 acceptance speech at the RNC is my favorite one.
I love it too.
I listen to his speeches on Youtube when I get so upset about where we are headed, because his words tend to ground me and give me both hope for our future and inner strength in readiness to fight. I sure miss that great man.
I just like messing with the fanatical Apple fans on this site. I’ve never seen anything quite like it. Kool-Aid drinkers to the max. Take care.
That was the most disturbing collection I have ever seen. I could not even bring myself to watch more than a few seconds of each to be sure they were all disturbing.
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