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Another record financial quarter for Apple

Apple hosted its quarterly earnings call today at 5PM EDT, announcing revenue of $13.50 billion and net profit of $3.07 billion or $3.33 per diluted share, up from $1.62 billion net profit and $1.79 per diluted share from one year ago. Gross margin was 41.7 percent, up from 39.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue. Apple’s CFO Peter Oppenheimer predicted that the company expects to see revenue of $13.0 billion to $13.4 billion for Q3 2010 along with earnings per share between $2.28 and $2.39.

The press release posted to the Apple website quotes Steve Jobs as saying Apple had its “best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent”. Read more

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Posted in Apple Inc. | Also tagged , , , , , , | 3 Responses