Tag Archives: q3 finanicals

Apple posts record Q3 revenue, defers some iPhone revenue until December

Apple held its Q3 2010 earnings call this afternoon, announcing its best quarter ever, even when compared to previous holiday quarters. Net income was up 78%, with revenues of $15.3 Billion compared to $9.73 Billion from the same quarter last year, with net quarterly profit of $3.25 Billion or $3.51 per diluted share.

The company reports it has sold 3.47 million Macs during the Q3 period, mostly to consumers and education partners, along with 8.4 million iPhones, 9.41 million iPods, and 3.27 million iPads.

That iPad sales figure is particularly interesting, because in the near future Apple will probably be selling more iPads than Macs per quarter, however the company does not see this as cannibalization but rather a synergy, iPad owners may end up also buying Macs just like iPod owners have done in the past. Read more

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Posted in Apple Inc. | Also tagged , | 1 Response