Apple Reports Third Quarter Results

by Volker Weber

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.

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Comments

Wait for someone to mention that Jobs looked a bit pale that day, or he even sneezed. Stock will then fall.

Paul Mooney, 2010-07-21 12:18

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.

Gregg Eldred, 2010-07-21 14:26

That is just sick money! It shows that Apple is on the right path! Everyone else is following or copying.

John Turnbow, 2010-07-21 14:32

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I explain difficult concepts in simple ways. For free, and for money. Clue procurement and bullshit detection.

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