Apple does it again....
CUPERTINO, Calif., July 20 /PRNewswire-FirstCall/ -- 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.
"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"
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.
And the Reuters "snapshot" article:
UPDATE 1-Apple results blow past estimates, shares rise
Fri, Jul 16 2010
Apple Inc.
AAPL.O
$251.89
+6.31+2.57%
3:00pm EDT
Tue Jul 20, 2010 5:00pm EDT
* Q3 EPS $3.52 vs Street view $3.11
* Q3 rev $15.7 bln vs Street view $14.75 bln
* Sees Q4 EPS $3.44, rev $18 bln
* Shares up 3.4 percent
SAN FRANCISCO, July 20 (Reuters) - Apple Inc (AAPL.O) reported results that blew past Wall Street's forecasts, boosted by robust sales of Mac computers, and its shares rose 3.4 percent in after-hours trading.
Apple reported net income for the fiscal third quarter ended June 26 of $3.25 billion, or $3.51 a share, up from $1.83 billion, or $2.01 a share, in the year-ago period.
Analysts on average were expecting earnings of $3.11 a share, according to Thomson Reuters I/B/E/S.
Revenue rose to $15.7 billion, well ahead of Wall Street's forecast for $14.75 billion.
For the current quarter, Apple estimated earnings of $3.44 a share on revenue of $18 billion.
Shares of Cupertino, California-based Apple closed up 2.6 percent at $251.89 on Nasdaq and rose to $260.50 in extended trading. (Reporting by Gabriel Madway; Editing by Richard Chang) |
