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.

Advertising

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.
You can follow him on Google+, Facebook or Twitter

I Hope you LIKE this blog post! Thank you!
What do YOU have to say about this
blog comments powered by Disqus
Popular News
By George Norman on 21 Jun 2017
Fidget spinners, the toys that the internet loves to hate, have managed to grab Google’s attention. The search engine is offering a virtual fidget on desktop as well as mobile. Simply search for "spinner" and Google Search will bring up a fidget spinner quick answer card.
By George Norman on 21 Jun 2017
Data centers are nothing to write home about. I mean, what could be interesting about a large facility that houses data communication systems, storage solutions, and other equally boring stuff? Actually...
Related News
By George Norman on 22 Mar 2017
What’s better than getting a brand new iPhone 7? Getting a brand new iPhone 7 that tells everyone you care about others and you’re willing to help the fight against AIDS.
By George Norman on 03 May 2017
Instagram, the photo-sharing application that was once available for iOS only, has grown into one of the biggest and most influential social networks in the world.
By George Norman on 07 Apr 2017
So what if Apple is "the competition"? That’s not going to stop Microsoft from creating apps for Apple’s iOS mobile operating system, not when Apple’s iPhone is hugely popular and barely anyone wants to purchase a Windows Phone.
By George Norman on 23 Jan 2017
Super Mario Run, the mobile game that Nintendo unveiled at Apple’s iPhone 7 event in September 2016 and published to Apple’s App Store in December 2016, will finally be rolled out to Android this March.
Sponsored Links
Hot Software Updates
Top Downloads
Become A Fan!
Link To Us!
Apple Reports Record Financial Results for Q3
HTML Linking Code