All-Time Apple Record Revenue Earnings Increase 78 Percent
Well That’s the story from Cupertino California. The company posted their 3rd Quarter Earnings which ended on June 26, 2010.
Apple
This includes record revenue of $15.7 billion and a net quarterly profit of $3.25 billion. This translates to $3.51 per diluted share. A year ago, revenue was $9.73 billion and net quarterly profit of $1.83 billion, with $2.01 per diluted share, in the year-ago quarter. This year gross margin reached 39.1 percent compared to 40.9 percent year-ago in the same quarter. Furthermore, International sales of all products amounted to 52 percent of the quarter’s revenue.
.
How did the other Apple products do? They sold 3.47 million Macs during the quarter. This represents a new quarterly record figure, reaching a 33 percent increase over the same time a year-ago.
.
The Company sold 8.4 million iPhones in the quarter. This was a 61 percent unit growth over last year’s quarter. Apple sold 9.41 million iPods, which was an eight percent unit decline, from the year-ago. Of course, the interesting figure is the iPad, which the Company began selling during the quarter. Total sales reached 3.27 million.
.
In a recent interview Steve Jobs said: “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4. 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.”
.
That last part is interesting because gadgeteers will probably be wondering what they can expect to see in the near future. The questions is how will communication, the Internet, new interfaces and new interactions play into the consumer market? Some of the products developed were not new, they presented new ways of interacting with consumers. So it remains to be seen what existing technologies can be re-created. This close to the vest thinking may be real or not; but it is certainly provocative.
Source: Apple
