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Apple profits surge 125% on record sales of 20.34M iPhones, 9.25M iPads

post #1 of 92
Thread Starter 
Apple said Tuesday that third-quarter profits rose nearly 125% percent to $7.31 billion, or $7.79 per diluted share, on record quarterly sales of $28.57 billion for the three-month period ended June 25, 2011.

These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter and international sales accounted for 62 percent of the quarters revenue.

Shares of Apple responded to the news by surging more than 7%, or $26.48, to a new all-time high of $403.33.

Were thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent, said Steve Jobs, Apples CEO. Right now, were very focused and excited about bringing iOS 5 and iCloud to our users this fall.

During the three-month period from April to June, the Cupertino-based electronics maker sold a record 20.34 million iPhones, representing 142% unit growth over the year-ago quarter. Apple also shipped record 9.25 million iPads during the quarter, a 183% unit increase over the year-ago quarter.

Sales of the company's Mac personal computers came in just shy of 4 million at 3.95 million, a 14 percent unit increase over the year-ago quarter. Meanwhile, iPods continued their expected decline, falling 20 percent unit wise from the year-ago quarter to 7.54 million units.

We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year, said Peter Oppenheimer, Apples CFO. Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.

Apple will be holding its quarterly conference call in just a few minutes. As always, AppleInsider will provide running coverage.
post #2 of 92
Just amazing!!
post #3 of 92
The company said it sold 9.25 million iPads during the quarter, nearly triple the amount it sold a year earlier.

IPhone sales more than doubled to 20.34 million.

BOOM!

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post #4 of 92
What is a "diluted share"? Is it an accounting trick?
post #5 of 92
and Apple is scared of Google..........right Eric?
post #6 of 92
This is very good news. Can't wait to see where the stock trades when the halt is lifted.
post #7 of 92
Quote:
Originally Posted by Elian Gonzalez View Post

What is a "diluted share"? Is it an accounting trick?

http://www.investopedia.com/terms/f/...utedshares.asp
post #8 of 92
Apple sold 20.34 million iPhones, representing 142 percent unit growth over the year-ago quarter;

9.25 million iPads, a 183 percent unit increase over the year-ago quarter;

3.95 million Macs, a 14 percent unit increase over the year-ago quarter;


UNBELIEVABLE!

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post #9 of 92
Quote:
Originally Posted by Elian Gonzalez View Post

What is a "diluted share"? Is it an accounting trick?

http://lmgtfy.com/?q=diluted+share
post #10 of 92
Wow. That was a good quarter indeed.
post #11 of 92
According to Barron's...

"Apple ended the quarter with $76.2 billion in cash and equivalents, short- and long-term marketable securities."
post #12 of 92
At 16 PE: $404
At 15 PE: $379

We'll see how low the Wall Street crooks can get it over the next few weeks to cover their shorts.
post #13 of 92
Quote:
Originally Posted by Elian Gonzalez View Post

What is a "diluted share"? Is it an accounting trick?

It's related to the fact that new shares and stock options get issued, potentially diluting ownership of the company, normally as a result of employee compensation.

http://en.wikipedia.org/wiki/Diluted_Earnings_Per_Share
post #14 of 92
AAPL up to over $404 in after hours trading!
post #15 of 92
Lets see....

20,340,000 iPhones.
~13 weeks per quarter.
1,564,615 iPhones per week.

Throw on another...
9,250,000 iPads
at 711,538 per week.

That is more than 2 million iOS devices getting activated per week excluding the iPod.

(What was the Android number? 500,000?)
post #16 of 92
20 millions phones is insane. However, keep in mind, the June quarter 2010 was a lull because everyone was waiting for the iPhone 4, whereas 2011 was full-steam ahead. Skews the growth percentage a bit. But 20 million is still insane!
post #17 of 92
Quote:
Originally Posted by Patranus View Post

Lets see....

20,340,000 iPhones.
~13 weeks per quarter.
1,564,615 iPhones per week.

Throw on another...
9,250,000 iPads
at 711,538 per week.

That is more than 2 million iOS devices getting activated per week excluding the iPod.

(What was the Android number? 500,000?)

Android was 500,000 per day (or 3,500,000 per week).
post #18 of 92
Quote:
Originally Posted by Patranus View Post

Lets see....

20,340,000 iPhones.
~13 weeks per quarter.
1,564,615 iPhones per week.

Throw on another...
9,250,000 iPads
at 711,538 per week.

That is more than 2 million iOS devices getting activated per week excluding the iPod.

(What was the Android number? 500,000?)

The Tweet you're referring to cited 500K a day.
post #19 of 92
Apple needs to stop litigating and start innovating, because no one is buy their crap.
post #20 of 92
Quote:
Originally Posted by Patranus View Post

Lets see....

20,340,000 iPhones.
~13 weeks per quarter.
1,564,615 iPhones per week.

Throw on another...
9,250,000 iPads
at 711,538 per week.

That is more than 2 million iOS devices getting activated per week excluding the iPod.

(What was the Android number? 500,000?)


The difference? Google earns ZERO from Android. ZERO.

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post #21 of 92
Quote:
Originally Posted by neiltc13 View Post

Android was 500,000 per day (or 3,500,000 per week).

true, over numerous devices.
post #22 of 92
Share your wealth.... do some good, Monsanto.
post #23 of 92
Seems that whatever Apple had to pay Nokia hasn't even touched their bottom line, in fact given the increase in margins they probably have ended up paying less than they had previously been reserving against Nokia's royalties.
post #24 of 92
Wow! AAPL up to $505,545,728.

Full size.
post #25 of 92
Quote:
Originally Posted by FriedLobster View Post

The difference? Google earns ZERO from Android. ZERO.

Plus Android is an OS not a phone that anyone can use. Not an apples to apples comparison at all
post #26 of 92
I believe the technical term for the amount of money Apple have made is "a shit load"!

In an age when companies boost profit by making things cheaper and cheaper and crapper and crapper it's great that there is still a company doing better than all of them by sticking by quality.
post #27 of 92
Quote:
Originally Posted by jonnyinscotland View Post

Wow! AAPL up to $505,545,728.

Just give it another couple of quarters......
post #28 of 92
Quote:
Originally Posted by PaulMJohnson View Post

I believe the technical term for the amount of money Apple have made is "a shit load"!

In an age when companies boost profit by making things cheaper and cheaper and crapper and crapper that there is still a company doing better than all of them by sticking by quality.

Well put.
post #29 of 92
Quote:
Originally Posted by Granmastak View Post

Plus Android is an OS not a phone that anyone can use. Not an apples to apples comparison at all

Ah, yes, Google does this solely to make the world a better place. Thanks for reminding us.
post #30 of 92
Well, looks like the tablet Market IS a myth. There is just an iPad Market.
post #31 of 92
I'm proud to have contributed my part to their quarterly sales figures. Too bad I don't own several thousand shares I could cash in for a nice summer bonus...

 

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You're = a contraction of YOU + ARE as in, "You are right" --> "You're right."

 

 

Reply
post #32 of 92
This isn't too bad for a company that not long ago all the whining iHating crowd screamed:

The iPhone4 is defective. Android does so much more and is "open"

The iPad is just an big iPod touch

No would would buy a shiny, pretty, iJobs Mac when I can build a PC for 1/3 the price.

=============

The iHaters are conveniently quiet. They're huddled in the little troll holes.

It is a GREAT day to be an AAPL owner!! WooHoo!!
post #33 of 92
Quote:
Originally Posted by jonnyinscotland View Post

Wow! AAPL up to $505,545,728.

Yes, but it may go down a few points tomorrow.
post #34 of 92
Quote:
Originally Posted by FriedLobster View Post

The company said it sold 9.25 million iPads during the quarter, nearly triple the amount it sold a year earlier.

IPhone sales more than doubled to 20.34 million.

BOOM!

Quote:
Originally Posted by Elian Gonzalez View Post

What is a "diluted share"? Is it an accounting trick?

Quote:
Originally Posted by FriedLobster View Post

Apple sold 20.34 million iPhones, representing 142 percent unit growth over the year-ago quarter;

9.25 million iPads, a 183 percent unit increase over the year-ago quarter;

3.95 million Macs, a 14 percent unit increase over the year-ago quarter;


UNBELIEVABLE!

wow how high is high

Quote:
Originally Posted by Patranus View Post

Lets see....

20,340,000 iPhones.
~13 weeks per quarter.
1,564,615 iPhones per week.

Throw on another...
9,250,000 iPads
at 711,538 per week.

That is more than 2 million iOS devices getting activated per week excluding the iPod.

(What was the Android number? 500,000?)

apple has 5 devices to choose from
android has 50 devices to choose from

ios rocks
Quote:
Originally Posted by neiltc13 View Post

Android was 500,000 per day (or 3,500,000 per week).
whats in a name ? 
beatles
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whats in a name ? 
beatles
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post #35 of 92
I forget, which Android-based phones are selling more than 20M a quarter?


Quote:
Originally Posted by neiltc13 View Post

Android was 500,000 per day (or 3,500,000 per week).

That was for 'a' day. We don't have any comments from Google about that 500k number being sustained for an entire quarter or averaging 500k per day for a quarter. Take Apple's numbers for the iPod Touch, iPad and iPhone. We take the number of actual sales for the quarter and then divide by 90 to get an average.


PS: Apple's average was 370,000 iOS-based activations per day for the quarter. Not bad for a single company.
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post #36 of 92
Quote:
Originally Posted by solipsism View Post

That was for 'a' day. We don't have any comments from Google about that 500k number being sustained for an entire quarter or averaging 500k per day for a quarter. Take Apple's numbers for the iPod Touch, iPad and iPhone. We take the number of actual sales for the quarter and then divide by 90 to get an average.

Actually I think we do, that seems to be a moving average not a spike - both from the way that the the number was reported in the orginal tweet and from the 100mil and 130mil reports being around 60 days.

We don't maybe know exactly what an activation is of course.
post #37 of 92
Is it possible Apple is spoiling us every quarter? Today literally is "Christmas in July". I'm still going long on my AAPL, and am very grateful that considering the atmosphere of such depressing financial news from everywhere else in the past few years, it's nice that a company like Apple can prove to everyone that if you make good stuff that everyone wants, and have a team in place to keep the ship running on course, the horizon's the limit!

Congratulations to Apple for doing a fantastic job. I'm sure there are a lot of happy, vested Apple employees too!

I think Apple should place a large statue of Steve Job's hand directing his middle-finger straight at Google!
post #38 of 92
Quote:
Originally Posted by cloudgazer View Post

Actually I think we do, that seems to be a moving average not a spike - both from the way that the the number was reported in the orginal tweet and from the 100mil and 130mil reports being around 60 days.

We don't maybe know exactly what an activation is of course.

We don't. All we know is that they've reported higher and higher activations every few months. Do you really think they are taking an average for the past 90s to state that total? I don't, nor would I do that. I would wait for some milestone quantity, like 550k, to hit and then publicly state it. It doesn't matter if it dropped to 540k, 530k, or 350k the next day. They are stating milestones, while Apple is reporting total numbers which we must average.


edit: Or you can look at from the other end. If Apple averaged 370k per day, every day, going back 90 days is it not possible iOS activations could have a day, say in June, that there were 500k on a particular day.
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post #39 of 92
Quote:
Originally Posted by AppleInsider View Post

Apple said Tuesday that third-quarter profits rose nearly 125% percent to $7.31 billion, or $7.79 per diluted share, on record quarterly sales of $28.57 billion for the three-month period ended June 25, 2011.

...

We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year, said Peter Oppenheimer, Apples CFO. Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.

Is it just me or is Apple being extremely pessimistic with their forward guidance? I mean, dropping from earnings of $7.79 per share to $5.50 when heading into the holiday quarter is mind bogglingly low, right? I know they like to surprise up, but this is crazy... (or am I missing something?)
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post #40 of 92
Quote:
Originally Posted by solipsism View Post

I forget, which Android-based phones are selling more than 20M a quarter?




That was for 'a' day. We don't have any comments from Google about that 500k number being sustained for an entire quarter or averaging 500k per day for a quarter. Take Apple's numbers for the iPod Touch, iPad and iPhone. We take the number of actual sales for the quarter and then divide by 90 to get an average.

Actually, to be more clear, those numbers only cite the iPhone and iPad sales this quarter plus the iPod lineup. They have yet to break out the iPod Touch numbers. Let's just say they sold over 3 million iPod Touch devices, then the combined total iOS devices sold, over the last 90 days puts them over 32 million devices [32,59 million].

That's 362,111 iOS Devices sold, per day. If it's 4 million iPod Touch devices, the per day sale of iOS devices becomes: 373,222.

Of course this isn't including sales of the new AppleTV [we'll assume they aren't pushing out more than 250k per quarter]

That is just 3 devices compared to the tenfold and more Android devices being sold you rightly pointed out in another comment.

When Apple breaks into China the iPhone sales increase will push the quarterly sales for iOS phones alone near 30 million units. Add in the iPad and the quarterly sales without the iPod Touch will be pushing towards 40+ million a quarter.

Will Google continue to rave about 500k Android devices per day?

Seriously, when iOS Devices start selling more per day than Android and it's nearly 15 times the number of Android devices available will Analysts start looking at Google and realize they cannot compete against the Apple Ecosystem with every successive device Apple introduces to the world?

Will they begin to ask Google, ``What new device in computing are you introducing to the world?''

No. They won't because Google doesn't create new markets. They wait for a market to be created by others and then they leverage it with their Search backend.
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