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Tuesday, July 19, 2011

Apple's Record Q3

APPLE’S PIECE OF THE PIE: The rich get richer. Apple announced record-shattering Q3 fiscal results for the period ending June 25, posting revenue of $28.57 billion and net profit of $7.31 billion. These figures compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion in the year-ago quarter. Gross margin was 41.7% compared to 39.1%, while international sales accounted for 62% of the quarter’s revenue. Apple sold 20.34 million iPhones in the quarter, representing 142% growth over the year-ago quarter, as well as 9.25 million iPads, a 183% increase. Steve Jobs and company sold 3.95 million Macs during the quarter, a 14% rise, along with 7.54 million iPods, the only product category to show a decline, off 20%. (7/19p)

 
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