Apple Reports Stellar Financial Results for Q3: $8.8 Billion Net Profit
On Tuesday, the 24th of July, 2012, Cupertino-based company Apple made public the financial report for its Q3 that came to a close on June 30th.
As is usually the case with Apple, the company once again had stellar results to report – quarterly net profit of $8.8 billion (that’s $9.32 per diluted share) and quarterly revenue of $35 billion. Just to put things in perspective, I remind you that for Q3 2011 Apple reported a quarterly net profit of $7.3 billion ($7.79 per diluted share) and quarterly revenue of $28.6 billion.
When Apple releases information about its quarterly results, it also tells the world how much merchandise it sold – Q3 2012 respects this tradition. Apple explained that during this quarter it sold:
Apple’s CEO Tim Cook had the following to comment on the company’s commercial success during Q3:
“We’re thrilled with record sales of 17 million iPads in the June quarter. We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
$2.65 per share for the common stock is the cash dividend set by Apple’s Board of Directors. This dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”
As is usually the case with Apple, the company once again had stellar results to report – quarterly net profit of $8.8 billion (that’s $9.32 per diluted share) and quarterly revenue of $35 billion. Just to put things in perspective, I remind you that for Q3 2011 Apple reported a quarterly net profit of $7.3 billion ($7.79 per diluted share) and quarterly revenue of $28.6 billion.
When Apple releases information about its quarterly results, it also tells the world how much merchandise it sold – Q3 2012 respects this tradition. Apple explained that during this quarter it sold:
- 26 million iPhones (28% increase compared to last year’s quarter).
- 17 million iPads (84% increase).
- 4 million Macs (2% increase)
- 6.8 million iPods (10% decrease compared to the year-ago quarter).
Apple’s CEO Tim Cook had the following to comment on the company’s commercial success during Q3:
“We’re thrilled with record sales of 17 million iPads in the June quarter. We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
$2.65 per share for the common stock is the cash dividend set by Apple’s Board of Directors. This dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”
