Apple profits surge 125% on record sales of 20.34M iPhones, 9.25M iPads
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.
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.
Comments
IPhone sales more than doubled to 20.34 million.
BOOM!
What is a "diluted share"? Is it an accounting trick?
http://www.investopedia.com/terms/f/...utedshares.asp
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!
What is a "diluted share"? Is it an accounting trick?
http://lmgtfy.com/?q=diluted+share
"Apple ended the quarter with $76.2 billion in cash and equivalents, short- and long-term marketable securities."
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.
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
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?)
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).
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.
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.
Android was 500,000 per day (or 3,500,000 per week).
true, over numerous devices.