In Q3 of fiscal year 2010, Apple has reported a record 78 % increase in earnings. Apple, which is the most valuable technology company in the U.S. and the second most valuable U.S. company overall has reported earnings of $3.51 per diluted share which is significantly higher than the $3.11 per share estimates from Wall Street analysts. With these statistics, the company once again has broken its own previous records, this time reporting an extraordinary $15.7 billion in revenue and a net quarterly profit of $3.35 billion.
Here is the breakout of the sales:
- Total sales: $15.7 billion, up 61.3% year over year
- Profit: $3.25 billion, up 77.6%
- Mac sales: 3.47 million units, up 33%
- iPhone sales: 8.398 million units, up 61.25%
- iPod sales: 9.4 million units, down 7.9%
- iPod touch sales: up 48%
- iPad sales: 3.27 million, slightly below the Street’s consensus
- Cash and marketable securities: $45.8 billion, up $4.1 billion from Q2
This is what CEO, Steve Jobs said in the company’s statement:
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.
The quarter, which ended on June 26, 2010 was just after two days Apple launched the new iPhone 4. Hence the last three days of the quarter contributed significantly through 1.7 million sales of iPhone 4 which made these figures all that more impressive.
Apple Reports Third Quarter Results
All-Time Record Revenue
Earnings Increase 78 Percent
CUPERTINO, California—July 20, 2010—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.
You may also like to check out:
- Apple Sold 2 Million iPads in 2 Months
- Apple Sold 8.75 Million iPhones and Made $13.5 Billion Dollars in Q2, 2010
- iPhone 4 Press Conference: Apple has Sold 3 Million iPhone 4s in 3 Weeks Since Launch