Uncle Steve is happy
Apple released their financials for its Q3 of its 2010 fiscal year ended June 26, 2010. They are reporting a record quarter of $15.7 billion in revenue with a net quarterly profit of $3.25 billion. This is up from last years $9.73 billion in revenue and net quarterly profit of $1.83 billion. Meanwhile, iPhone sales are on the rise.
Apple sold 8.4 million iPhones in Q3, which is a 61 percent growth year-over-year. iPod sales, on the other hand, are down eight percent to 9.41 million for the quarter. However, the iPod is still selling more than the iPhone at this point. Still, if this trend continues, it's possible that the iPhone will become more common as an iPod replacement.
iPads, which the company says began selling during this quarter, have sold 3.27 million.
PR talk and Apple boasting after the jump
Apple Reports Third Quarter Results
All-Time Record Revenue
Earnings Increase 78 Percent
CUPERTINO, California‚ÄîJuly 20, 2010‚ÄîApple¬Æ 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‚Äôs 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.
‚ÄúIt was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple‚Äôs history with iPhone 4,‚Äù said Steve Jobs, Apple‚Äôs CEO. ‚ÄúiPad 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.‚Äù
‚ÄúWe‚Äôre really pleased to have generated over $4 billion of cash during the quarter,‚Äù said Peter Oppenheimer, Apple‚Äôs CFO. ‚ÄúLooking 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‚Äù
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.