Apple Posts Record Quarter at $15.7 Billion

Chris CrumBusiness

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Apple has released its third quarter financial results. This reflects fiscal 2010 third quarter ended June 26, 2010.

The company boasted record revenue of $15.7 billion and net quarterly profit of $3.25 billion. This compares to a year ago, when Apple reported revenue of $9.73 billion and net quarterly profit of $1.83 billion.

iPad Launched During the quarterObviously Apple has had some big product launches this year that largely contributed to revenue. The company sold 3.47 million Macs during the quarter (which was a record in itself), as well as 8.4 million iPhones 9.41 million iPods, and 3.27 million iPads (which were only launched during the quarter).

"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 Apple CEO Steve Jobs. "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," added Apple CFO Peter Oppenheimer. "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's gross margin was 39.1% compared to 40.9% a year ago. International sales accounted for 52% of the quarter’s revenue.

The entire release can be found here, and Apple is streaming a conference call here.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.