Apple’s Q3 Earnings, All-Time Record
Apple has just announced their Q3 earnings, and they are extremely high! To be in fact, it’s the All-Time Record Quarter for Apple. Let’s talk some figures, Cupertino just announced earnings of $7.79 per share, revenue totaling $28.57 billion, and a net profit of $7.31 billion. This is the All-Time best quarter for Apple. For easier numbers to understand Apple has shipped this quarter 20.34 million smartphones and 9.25 million tablets sold last quarter. That’s over 20 million iPhone’s and almost 9.5 million iPad’s in one quarter. That’s a monstrous number of sales in only one quarter. They have also shipped nearly 4 million Macs, 3.95 million Macs to be exact. There was only one downfall of sales figures on this quarter, which is in the iPod line. They still managed to sell 7.54 million iPods compared to the 9.02 million in Q2 this year. But just outstanding sales figures for Apple, and having the new Macs and Mac OSX Lion tomorrow, will just make Q4 kill Q3 this year. With all brand new iPhones, iPods, and Macs releasing in Q4, Apple should break the All-Time Record set here today!
Press Release:
Apple Reports Third Quarter Results
All-Time Record Revenue and Earnings
iPhone Sales Grow 142 Percent; iPad Sales Grow 183 Percent
CUPERTINO, California-July 19, 2011-Apple® today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.
“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.”
