Apple Reports All-Time Record Revenue

Wednesday 21st July 2010 - 14:00

Apple has 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 ($3.51 per diluted share).

These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion ($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 -- 61 percent unit growth, 9.41 million iPods -- 8 percent unit decline from the year-ago quarter.

Apple also 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”

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More about: Apple , revenue , Q3 , iPhone , iPod , iPad
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