Apple delivers blockbuster earnings, again

Tue, Jul 20, 2010

Finance, News

Apple today reported its earnings for the third fiscal quarter of 2010 and posted earnings of $3.51 a share on revenue of $15.7 billion, an all-time record for Apple. The consensus on Wall St. anticipated EPS of $3.11 on revenue of $14.75 billion. By way of comparison, during the Q3 of 2009, Apple’s earnings checked in at $2.01 per share on revenue of $9.73 billion. And in a sign that Apple’s popularity continues to grow abroad, international sales accounted for 52% of Apple’s revenue during the quarter.

With respect to specific products, Apple sold 3.47 million Macs in the quarter, representing an all-time quarterly record. Meanwhile, Apple sold 9.41 million iPods, 8.4 million iPhones, and 3.27 million iPads. Compared to the same quarter a year-ago, iPod sales dipped 8% while iPhone sales increased an astonishing 61%.

In a press release issued just after the market close, Steve Jobs stated, “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4. iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

Looking forward to the next quarter, Apple anticipates EPS of $3.44 on revenue of $18 billion.

Developing… Notes from earnings conference call soon to follow



1 Comments For This Post

  1. Scott B. Says:

    Lets see what the Apple Haters have to say about that, Also If they want to argue about the “Non iPhone4 Problem” Apple stated in the earnings call that it has not effected the demand for iPhone4 and they have been getting more orders in the past few days that makes it even harder for them to keep up with the high demand for the new phones.

    So Haters Listen Up, This iPhone 4 Issue that is a “non Issue” has no effect on Apple and Apple has seen a 63% adoption of the iphone4 then any other iPhone ever, They where only expecting a 33% jump, The demand is Overwhelming.

    So if there is really a problem its with all the Anti Apple few that try real hard but fail to see the big picture.

    Apple Stock up +$6.31 Close at $251.89

    Not bad for a doomed Company.

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