Apple just reported the results for its fiscal third quarter 2011 that ended on June 25, 2011. It was a blow out quarter led primarily by the booming demand for iPhones and iPads, though Mac computers were no slouches either.
- Revenue of $28.57 billion vs $15.70 billion (Q3 2010)
- Net profit of $7.31 billion vs $3.25 billion (Q3 2010)
- Earnings per share of $7.79 per diluted share vs $3.51 per diluted share
- Gross margin was 41.7 % vs 39.1% (Q3 2010)
“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.”
- Sold 20.34 million iPhones up 142% in unit terms over the year-ago quarter.
- Sold 9.25 million iPads during the quarter, a 183% unit increase over the year-ago quarter.
- Sold 3.95 million Macs during the quarter, a 14% unit increase over the year-ago quarter.
- Sold 7.54 million iPods, a 20% unit decline from the year-ago quarter.
“Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.” Peter Oppenheimer, Apple’s CFO.