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SOFTWARE INDUSTRY NEWS |
Apple reports third quarter results |
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Apple has reported its financial data for the third quarter of fiscal 2010 which ended June 26, 2010.  Revenues were a record $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These compare to revenues of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the same quarter a year ago. Apple's gross margin was 39.1 percent as against 40.9 percent in the year-ago quarter. International sales accounted for 52 percent of the quarter’s revenue. During the quarter, Apple sold 3.47 million Macs, a new quarterly record and a 33 percent unit increase over same quarter a year ago. It sold 8.4 million iPhones, a 61 percent unit growth from a year ago, and 9.41 million iPods, sales of which shrunk somewhat with an eight percent unit decline from the year-ago quarter. Apple reported iPads sales of 3.27 million its first quarter on the market. Peter Oppenheimer, Apple’s CFO was pleased having generated over $4 billion of cash during the quarter. For the fourth quarter, he said Apple anticipates revenues of about $18 billion and diluted earnings per share of about $3.44. |
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