Apple demolishes Wall Street expectations with record revenue and EPS of $7.79

Tue, Jul 19, 2011

Finance, News

Android who? Android what?

Apple today released its financial results from its third fiscal quarter of 2011 and the results are staggering.

In the quarter gone by, Apple sold 20.34 million iPhones and 9.25 million iPads, representing growth of 142% and 183% respectively from the same quarter a year-ago. That helped propel Apple to post revenue of $28.57 billion along with a profit of $7.31 billion. Apple’s EPS for the quarter came in at $7.79.

Illustrating the tremendous growth enjoyed by Apple over the past 12 months, Apple last year during the same quarter posted revenue of $15.7 billion, a profit of $3.25 billion, and EPS of $3.51. So from the same quarter a year-ago, Apple nearly doubled its revenue and more than doubled its profits.

Interestingly enough, Apple’s press release notes that international sales accounted for 62% of Apple’s revenue this past quarter.

The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

“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.”

An absolutely outstanding quarter that should leave Apple investors more than happy. Let’s just hope Wall. St. comes to their senses. $400 a share? It’s closer than you think.

via Apple



Comments are closed.

eXTReMe Tracker