Apple Posts Record Quarter at $15.7 Billion
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.
Obviously 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.