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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (48589)	7/20/2010 5:00:58 PM
From: Sam	1 Recommendation Read Replies (1) \| Respond to of 95610

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)