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

Posted:
in AAPL Investors edited January 2014
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 quarter?s 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.



?We?re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,? said Steve Jobs, Apple?s CEO. ?Right now, we?re 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, Apple?s 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.
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Comments

  • Reply 1 of 91
    veblenveblen Posts: 201member
    Just amazing!!
  • Reply 2 of 91
    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!
  • Reply 3 of 91
    What is a "diluted share"? Is it an accounting trick?
  • Reply 4 of 91
    patranuspatranus Posts: 366member
    and Apple is scared of Google..........right Eric?
  • Reply 5 of 91
    This is very good news. Can't wait to see where the stock trades when the halt is lifted.
  • Reply 6 of 91
    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
  • Reply 7 of 91
    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!
  • Reply 8 of 91
    boogabooga Posts: 1,077member
    Quote:
    Originally Posted by Elian Gonzalez View Post


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



    http://lmgtfy.com/?q=diluted+share
  • Reply 9 of 91
    Wow. That was a good quarter indeed.
  • Reply 10 of 91
    According to Barron's...



    "Apple ended the quarter with $76.2 billion in cash and equivalents, short- and long-term marketable securities."
  • Reply 11 of 91
    bagmanbagman Posts: 349member
    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.
  • Reply 12 of 91
    cloudgazercloudgazer Posts: 2,161member
    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
  • Reply 13 of 91
    AAPL up to over $404 in after hours trading!
  • Reply 14 of 91
    patranuspatranus Posts: 366member
    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?)
  • Reply 15 of 91
    applestudapplestud Posts: 367member
    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!
  • Reply 16 of 91
    neiltc13neiltc13 Posts: 182member
    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).
  • Reply 17 of 91
    boogabooga Posts: 1,077member
    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.
  • Reply 18 of 91
    pennywsepennywse Posts: 155member
    Apple needs to stop litigating and start innovating, because no one is buy their crap.
  • Reply 19 of 91
    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.
  • Reply 20 of 91
    Quote:
    Originally Posted by neiltc13 View Post


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



    true, over numerous devices.
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