Apple Reports $3.25 Billion Profit This Quarter [UPDATED]
Apple has just announced had their quarterly earnings discussion, and unsurprisingly, they did pretty freaking well. Their revenue was a record high of $17.5 billion, with a Q3 profit of $3.25 billion, or $3.51 per diluted share. This time last year, they had revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share.
They sold:
- 3.47 million Macs (up 33%)
- 8.4 million iPhones — of which we assume 3 million were iPhone 4s (up 61%)
- 9.41 million iPods (down 8%)
- 3.27 million iPads
Given that this was the first quarter that Apple sold ipads, they’re already almost up to Mac sale levels — even though this was a record quarter for their computer division. There are already fears that Apple is pushing Macs aside to focus on iOS, and with numbers like this you can see why.
“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,” said Apple CFO Peter Oppenheimer.
UPDATES: Some interesting data from the conference call:
- There are now more than 100 million iOS devices out there
- This is the highest quarterly revenue ever
- iTunes store revenue grew by over $1 billion
- 3.27 million iPads sold in 10 countries during the quarter, going for an average price of $640
- Retail revenue up 73%
- Over 1.7 million iPhone 4s sold
- The iPhone is found in 80% of Fortune 100 companies, 60% of Fortune 500 companies
- Apple is backlogged on both the iPad and iPhone 4, selling them as fast as they can make them
- The free Bumper Cases from Apple will cost them $175 million
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