Apple Reports Record Financial Results for Q3
Article by George Norman
On 20 Jul 2011
Cupertino-based software developer Apple has made public its financial results for its Q3 that ended on the 25th of June. I’m sure it comes as no surprise when I say that Apple once again reported stellar financial results. What may come as a surprise though is just how well the company did, from a financial point of view. Here are the figures Apple made public:

Total revenue - $28.57 billion. Back in Q3 of 2010, Apple reported total revenue of $15.70 billion, while in Q2 2011 it reported total revenue of $24.67 billion.
Net profit - $7.31 billion, or $7.79 per diluted share. Back in Q3 2010 Apple reported net profit of $3.25 billion while in Q2 2011 it reported net profit of $5.99 billion.
Sold merchandise20.34 million iPhones, 9.25 million iPads, 3.95 million Macs, 7.54 million iPods.

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Q3 was a spectacular quarter for Apple; or as Steve Jobs put it, Q3 was the company’s “best quarter ever”. Compared to last year’s quarter, revenue is up 82%, profits are up 125%, iPad sales are up 183%, iPhone sales are up 142%, and Mac sales are up 14%. The only thing that declined is iPod sales; they’re down by 20% compared to the year-ago quarter.

“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.”

“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year,” said Peter Oppenheimer, Apple’s CFO. “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.”



Tags: Apple, Revenue
About the author: George Norman
George is a news editor.
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