Apple reports record revenues; quarterly profit
These results compare to revenue of US$15.70 billion and net quarterly profit of US$3.25 billion, or US$3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7% compared to 39.1% in the year-ago quarter. International sales accounted for 62% of the quarter's revenue.
The company sold 20.34 million iPhones in the quarter, representing 142% unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183% unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14% unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20% unit decline from the year-ago quarter.
Thrilled
"We're thrilled to deliver our best quarter ever, with revenue up 82% and profits up 125%," 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."
"We are extremely pleased with our performance which drove quarterly cash flow from operations of US$11.1 billion, an increase of 131% year-over-year," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about US$25 billion and we expect diluted earnings per share of about US$5.50."
Apple provided live streaming of its Q3 2011 financial results conference call on 19 July 2011 at www.apple.com/quicktime/qtv/earningsq311. This webcast will also be available for replay for approximately two weeks thereafter.
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