14 DAY TRIAL // Apple has announced financial results for its fiscal 2010 third quarter ended June 26, 2010. According to an official report posted by the company yesterday, Apple posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share.
As usual, Apple compares these results 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. Talking about gross margin, Apple reveals it was 39.1 percent, just 2 percent down from the year ago quarter (40.9 percent). As for international sales, these accounted for 52 percent of the quarter’s revenue.
Macs sold during the quarter count 3.47 million, a new quarterly record and a 33 percent unit increase over the year-ago quarter, Apple said. On the iPhone front, some 8.4 million units were sold in the quarter. This represents 61 percent unit growth over the year-ago quarter. 9.41 million iPods were also sold, an eight percent unit decline, while iPad, which began selling during the quarter, has racked up sales 3.27 million, according to Apple’s official announcement.
“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”
The audio webcast of Apple’s conference call discussing Q3 - 2010 financial results is available here. A “click to listen” button allows visitors to tune in.