If you have been looking forward to Apple’s earnings to come back in shy of analyst estimates, you’re about to be disappointed another time. Cupertino just reported its best quarter ever, with earnings of $7.79 per share, revenue totaling $28.57 billion, and a net profit of $7.31 billion. We all know you’re probably more inquisitive about sales figures, however, and as chances are you’ll expect, Apple’s continued to ship iPhones and iPads at a gentle pace, with 20.34 million smartphones and 9.25 million tablets sold last quarter. It is usually shipped 3.95 million Macs — a 14 percent hop over Q3 2010′s numbers. Fewer iPods made it out the door this quarter, however, totaling 7.54 million in comparison to the 9.41 million Apple sold in Q3 2010. As always, the corporate appears to be mum on future product announcements, though we wouldn’t be surprised to look new MacBook Air and Lion sales figures factoring into next quarter’s 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 corporate 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, within the year-ago quarter. Gross margin was 41.7 percent in comparison with 39.1 percent inside the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
The corporate sold 20.34 million iPhones within the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads through the quarter, a 183 percent unit increase over the year-ago quarter. The corporate sold 3.95 million Macs in the course of 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 greatest quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Instantly, we’re very focused and thinking about bringing iOS 5 and iCloud to our users this autumn.”
“We’re extremely happy with our performance which drove quarterly cash flow from operations of $11.1 billion, a rise of 131 percent year-over-year,” said Peter Oppenheimer, Apple’s CFO. “Waiting for the fourth fiscal quarter of 2011, we think revenue of about $25 billion and we predict diluted earnings per share of about $5.50.”
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