Apple Announces That They Still Make More Money Than Anybody ElseBy: Zach Walton - July 24, 2012
We knew for a while that Apple was going to reveal that they made a lot of money today. We just didn’t know to what extent. Thanks to Apple releasing their third quarter results, we can confirm that the company continues to make a lot of money.
Apple announced today that the company made $35 billion in quarterly revenue with $8.8 billion of that being net profit. Compare that to the $28.6 billion made a year ago and you have a company that seems like it can’t do no wrong. Part of that is thanks to Apple expanding into international markets which accounted for 62 percent of the quarter’s revenue.
So how well did their flagship products, the iPhone and the iPad, do? Apple sold 26 million iPhones in the last quarter, which represents a growth of 28 percent over Q3 2011. The company sold 17 million iPads, which represents an even more impressive 84 percent increase over Q3 2011. As for Macs, the company sold 4 million units with the iPod selling 6.8 million units. The Mac business grew two percent while the the iPod business declined 10 percent.
Remember that stock dividend that Apple announced a while back? Shareholders are getting their due on August 16 with a payout of $2.65 per share. You still have a chance to jump on that bandwagon as those who own stock before the market closes on August 13 will receive the payout. Considering that stocks for Apple are going for $600 right now, that might not be the best decision.
“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
Wait, what? Did Tim Cook just announced Mountain Lion for tomorrow? Indeed, Apple will launch the much anticipated Mountain Lion OS for Mac computers tomorrow, July 24. You’ll be able to download the update or buy a copy from your local Apple Store. Just be sure your Mac is up to snuff first.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”
Between the launch of Mountain Lion tomorrow and iOS6 this fall, Apple has a pretty busy year ahead of them. Couple that with the rumored launch of the iPhone and iPad Mini in September and Apple will be making more money than even Scrooge McDuck.