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Apple 3Q results

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  • Apple 3Q results

    Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2010. For the quarter, Apple posted revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, compared to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, compared to 41.8 percent in the year-ago quarter, and international sales accounted for 57 percent of the quarter's revenue.

    Apple shipped 3.89 million Macintosh computers during the quarter, a unit increase of 27 percent over the year-ago quarter. Quarterly iPhone unit sales reached 14.1 million, up 91 percent from the year-ago quarter, and the company also sold 9.05 million iPods during the quarter, representing 11 percent unit decline over the year-ago quarter. Apple also sold 4.19 million iPads during the quarter.

    "We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings - both all-time records for Apple," said Steve Jobs, Apple's CEO. "iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year."

  • #2
    That difference in gross margin from a year ago must be from all the cases they gave to iphone 4 customers!

    I would venture to guess that suprise for this calender year is release of Apple iPad 2.0?
    "Any time that I can be out at the Indianapolis Motor Speedway, you're going to see a smile on my face." - Dan Wheldon

    "It's crazy how the Indianapolis Motor Speedway can make you so emotional. I went from the highest of highs to the lowest of lows in less than 24 hours." - Alex Tagliani

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    • #3
      In after-hours trading the stock (AAPL) is down $20.
      All rides are bought. But occasionally the currency is talent.

      Comment


      • #4
        Buy on the rumor, sell on the news. Apple stock has run up almost 10% in the last 5 days.

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        • #5
          .
          Last edited by Gomer Simpson; 10-19-2010, 12:21 PM.

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          • #6
            So are the lefties screaming to tax those obscene profits? I wonder why not?

            Good for Apple. They need some good news to balance that third place in market share on mobile phones from here on out...

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            • #7
              Originally posted by Doyouloveit? View Post
              That difference in gross margin from a year ago must be from all the cases they gave to iphone 4 customers!

              It was expected and it's from the sales of the iPad. Much smaller margin than the rest or the products sold by Apple.
              Center Grove Trojans
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              • #8
                Originally posted by crispy View Post
                So are the lefties screaming to tax those obscene profits? I wonder why not?

                ...
                wrong forum.
                Asked how he’d like to be remembered were he hit by a bus tomorrow, Tracy doesn’t hesitate: “I’m a race-car driver. At the last second, I’d swerve and avoid the bus.”

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                • #9
                  Originally posted by sightlines View Post
                  wrong forum.
                  "You post it - you name it; just keep it clean, please..."

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