Apple (AAPL) Posts Stellar Q3 Earnings – As Expected!
No surprises from Apple (NASDAQ:AAPL) yesterday. But the Q3 results were impressive nonetheless. Analysts predicted Apple (AAPL) would earn $3.00 per share this quarter, and generate revenues of around $15 Billion. What Apple actually achieved was $3.51 per share, revenue of $15.7 Billion, and a net profit of $3.25 Billion. Overall an increase of around 50% over last years figures for the same period.
Apple sold 3.47 Million Macs in the quarter. Which is a growth in sales of 33% over the previous year. The Mac is certainly not dead!
They also sold 8.4 Million iPhones, which is an astounding 60% growth over the same quarter in the previous year. Remember this does not include the bulk of iPhone 4 sales yet to come this quarter.
iPods sold were 9.41 Million, and total iPads an impressive 3.27 Million.
Steve Jobs issued this statement…
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.
Peter Oppenheimer had this to say about the future…
“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”
Did Apple impress you? Or do you think they can do better? Have you say in the comments…[Apple]