Apple today announced financial results for its fiscal 2010 third quarter ended June 26, 2010. The Company posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter.
Apple stock used to be down on good news. This time it's up.
Wait for someone to mention that Jobs looked a bit pale that day, or he even sneezed. Stock will then fall.
While they sold quite a few iPhones, iPods, and iPads (the actual numbers are in the second paragraph of the press release), I found this line more interesting:
Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter.
The "cool, new stuff" sold very well, but they still managed to sell 3.47 million Macs. That is very impressive.
That is just sick money! It shows that Apple is on the right path! Everyone else is following or copying.
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