• Apple sold 3.47 million Macs, up 33%; a new quarterly record
• 8.4 million iPhones, up 61%
• 9.41 million iPods, down 8%
• 3.27 million iPads
Analysts’ consensus called for Q3 earning per share (EPS) of $3.11 on revenues of $14.75 billion and:
• Mac shipments: 3.1 million
• iPhone shipments: 8.7 million
• iPod shipments: 9.1 million
• iPad shipments: 3.2 million
In after-hours trading, AAPL shares jumped $8.11, or +3.22%, to $260.00.
Apple’s press release, verbatim:
Apple today announced financial results for its fiscal 2010 third quarter ended June 26, 2010. The Company posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter. Gross margin was 39.1 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 52 percent of the quarter’s revenue.
Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. The Company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter. The Company began selling iPads during the quarter, with total sales of 3.27 million.
“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.”
“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.”
Source: Apple Inc.
Holy crap…Turley’s prediction is close.
‘Nuf said!
iProducts, beotch…
burn baby burn.
FAT FAATT FFAAAATTTTT!!!!
Bang Zoom To The Moon Apple !!!
Slaughterhouse.
Okay, well it’s not four bucks, but 3.51 ain’t too shabby. Well done Apple!
What was that i said about the investors who lost $5 a share???
I expected more than that. I’m gravely disappointed.
Now will all the naysayers out there please S T F U !
This R2 unit has a bad Motivator…
Apple’s antennas are transmitting full strength CS, no matter where you stick your finger.
And when the white iPhone is available, they will sell double.
Microsoft has got to be demoralized.
Micros*it on Thursday, bring it on
From Andy Zaky:
The big story this quarter, however, is whether Apple will surpass Microsoft in revenue for the first time in the company’s history. Analysts are generally expecting Microsoft (MSFT) to report $0.46 in EPS on $15.25 billion in revenue this quarter. That’s well below the $15.6 billion that the bloggers are expecting out of Apple when it reports this afternoon. If Apple does in fact report closer to what I’m expecting out of the quarter, then we’ll probably be watching history unfold when Microsoft reports this Thursday.
History will be made!
Yet another tipping point.. .:.
The awesome Mac part of this news should cause all the “Apple won’t be making Macs within five years because of iPad” crowd to shut up. A new quarterly record for Mac unit sales, during the quarter that is usually NOT the best one for Mac sales. Imagine what Mac sales will be like during the “back-to-school” and the “holiday shopping” quarters coming up next.
And now we anxiously await MSFT’s earnings release after market close on Thursday. The one where AAPL out-sells them.
i_____ will probably outsell xBox for Xmas, so it appears that this will be a new paradigm.
<sarcasm> Yup, the Mac is dead alright </sarcasm>
The word is “turned”. As in, Apple has turned the corner.
The tide has turned.
Apple has done more business than Microsoft.
Wow.
From the horse’s mouth: Apple’s conference call with analysts streaming live.
http://www.apple.com/quicktime/qtv/earningsq310/
I have a question. Apple is up in after hours trading. How long does after hours trading last? Is there a time frame? Is it until Nasdaq opens tomorrow?
Thanks for helping me understand.
Most Active tables are available for the NASDAQ Pre-Market (8:00-9:30 a.m. ET) and for NASDAQ, NYSE, and Amex After Hours Market (4:00-6:30 p.m. ET. …
Great, now let’s get to work and fix the iPad rotation, annoying.
Steve, they call you a control freak, so why do you allow iPhone developers default rotate whatever way they want.
So I like to use my iPad in a locked horizontal display..
Now i open one iPhone app, ohhh only vertical, why?
Then horizontal that way, the next horizontal the other way… What is a mess. I have to unlock rotation the iPad rotation every time?
Come on, we can do better than that!
Breeze.
Thank you.
silverhawk:
You’re welcome.
@ChrissyOne: Very funny.
I’m out of the hole. My stocks are finally back in the positive.. Wheew!
Dearest Princess Übermac: That pea under your mattress keepin’ you up at night too? lol, get real, son.
@ Ubermac,
Those portrait only iPhone Apps are a royal pain in the ass.
Delete the bastards or keep them on the iPhone or iPod touch where they belong.
lol, here’s a novel concept: take your hands, place them on iPad, turn the device a big ol’ 45º toward you…did your mama have to turn the sheet music pages for you at piano practice? jesus christ, GET EFFIN REAL!
Um. There used to be a dividend. There could be a dividend again… Um, right?
If the Apple’s generated $4 BILLION in cash just this quarter, it is safe to assume they will generate c.$16 BILLION in cash. Which adds to the hoard of loot in the vault under “Fort Cupertino”. Holy greenbacks, Batman!
Time to let us shareholders stand under the tree while ya give it a good shake. What do you say, Mr. Steve?
Better than any dividend, your money invested in Apple in the long term is better than money in any bank.
I think the results are fantastic.
I bet however that the moronic ANALysts focus on the iPhone #s not beat the street consensus.
I apologize for the last sentence, since I didn’t mean to say that morons are are stupid as ANALysts.
OK, the earnings reports are out, the negative stories will all but disappear, the media will go strong positive and the share prices will rocket up, then begin to float back to earth…. after the stock price manipulators cash in…..
and we have amazing new products still to come this year
Oh baby ! what? An i-pad that runs windows 7? Because MS and company will have that, how soon will an i-Pad that runs Mac OS? But I don’t think that’s what amazing new products mean.
100,000 x 100,000 res 3D maybe? o.k. just kidding.
Steve Jobs: ” …. and we have amazing new products still to come this year.”
!!!!!!!!!!!!!!!!!!!!!!
@DogGone
You are probaly right, but the only reason they didn’t surpass, was they can’t build them fast enough
@R2…
Check out this site, I think you’ll find it perfect for your glowing personality.
http://www.despair.com/
If these results say anything, it’s this:
“ROUNDING ERROR.”
Bwwaaahahahahaaaaaaaaaa!
Here’s the beauty part… Microsoft announces tomorrow. So Ballmer and co. already know whether or not Apple have surpassed them. I’m sure they’re busy scrambling now to craft a message that they hope the market and press will allow them to get a pass. But that’s a hopeless. cause. Whether or not Apple actually surpasses them this quarter the number will be close enough to raise some uncomfortable questions for Microsoft’s management and board.
Sad to say, Ballmer’s days are now officially number. As long as it takes? Mission accomplished!
@ Darkness
I don’t think Microsoft will mention staying ahead of Apple or “craft” a spin message if they don’t; the “race” will be ignored either way. If they make a big deal about staying ahead in revenue, they will look stupid when they surely get passed next quarter. If they defensively react to getting passed this quarter, that just gives Apple more credit and recognition.
It’s Microsoft’s quarterly report. They are not going to be comparing numbers with Apple. If such questions come up, Microsoft will just say it’s not important and quickly move it along.
@ken1w
You’re correct. I’m sure some analyst will raise the question and they’ll brush it aside. But it will still become an issue of mindshare, and the press will be all over it. The perception will be that Apple are ascendent, and Microsoft are on the decline. And at that point the drumbeat will start for a change at the top. Microsoft’s board has been asleep for too long. I think this will be the catalyst to wake them up.
Hey Monkeyboy, Hear that ( Cha Ching)
@ Darkness
Well, if Microsoft’s Board is still asleep after the Kin disaster, where Microsoft basically wasted the promising Danger acquisition and two plus years of R&D effort, I don’t think something like Apple getting ahead in the revenue number is going to wake anyone up. Apple already passed Microsoft in the market cap number; did anyone stop snoring then…?
” width=”19″ height=”19″ alt=”smile” style=”border:0;” />
“FAT FAATT FFAAAATTTTT!!!!”
@Jarrettdailynews
Who are you, Mike Gundy?
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
@ken1w
When you’re right you’re right. Ballmer and the board should go.
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
After all, they’ve already hung the “Mission Accomplished” banner on an overpass on SR 520 in Redmond. (I saw it earlier today shortly after the Apple numbers were release) They should all now move along as there’s nothing left for them to do.
” width=”19″ height=”19″ alt=”grin” style=”border:0;” />
@ChrissyOne
‘This R2 unit has a bad Motivator…’ lol
That made my day. Thank you.