Apple Reveals Q3 Revenue; Still Swimming in $$$
Apple yesterday posted quarterly financial results for its fiscal third quarter ending June 26. The Cupertino-based company posted record revenue of $15.7 billion and a net quarterly profit of $3.25 billion or $3.51 per diluted share.
Apple has had two major product launches this year and the dough is rolling in. Cementing the company's claims that the iPad has been nothing short of a 'magical' money making machine is the revelation that the company sold nearly as many iPads as Macs. Apple shifted 3.47 million Macs during the quarter (a 33 percent unit increase compared to the same period last year) and managed to sell 3.27 million iPads in the first few months of launch.
Macs and iPads aside, Steve and the gang sold 8.4 million iPhones, (up 61 percent compared to the same period last year), and experienced a slight dip in iPod sales. The company sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.
Apple CFO Peter Oppenheimer said the company is "really pleased" to have generated over $4 billon in cash during the quarter and added that they expect Q4 to be even better with revenue of about $18 billion and diluted earnings per share of about $3.44.
As you can imagine, Steve Jobs is also extremely happy with the last few months, He took the opportunity to talk up the iPhone 4, and hinted that he has more "amazing new products" up his sleeve for launch this year.
"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Appleās history with iPhone 4," Job said in a statement. "iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year."
During a Q&A yesterday afternoon, Apple revealed it will be setting aside $175 million in revenue to cover the free iPhone 4 cases it's giving out to alleviate antenna issues some users are having.
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The market has spoken. Apple is the best tech company in the world!
Apple henchman: Steve sir, we have made record profits again this quarter, shall I recall the Iphone 4 and fix the reception issue.
Steve: No you idiot! I am not going to spend any money just because people can't hold a phone properly. ** Presses button to open trapdoor beneath hanchman's feet **
Applhe Henchman: (Being incinerated in furnace arrrrrrrgggghhhhhh.
Good for shareholders I guess.
Edit: Cashews, you said it wrong. An associate comes to collect the henchman for his 'party'. Yes there will be cake
Yes, he is going to release the "iRack" and the "iRan" too! =DD
The market has spoken. Apple is the best tech company in the world!
"the market has spoken, Lady Gaga is the best musician in the word."
define: best .....
The market has spoken. Apple is the best tech company in the world!
no..they are the best marketing company in the world. tech company? not quite. they just sell "tech" equipment.
That's it, the market has spoken, I'm switching over to Mac. Better do it now than to be the last one using Windows.
Apple is always swimming in cash with the 30% Apple tax on everything.
Here was me thinking "Finally, an apple free news day!".
The sky is blue, the Earth still rotates, idiots continue to spend money on overpriced products. What's new.
anybody who switches to mac because of this proves their lack of knowledge, and therefore deserves to be with the mac lovers. although it seems everybody is posting record profits this year, so much for a recession.
blast!!! you may have won the battle jobs, but you have not defeated my android army....
Apple henchman: Steve sir, we have made record profits again this quarter, shall I recall the Iphone 4 and fix the reception issue.Steve: No you idiot! I am not going to spend any money just because people can't hold a phone properly. ** Presses button to open trapdoor beneath hanchman's feet **Applhe Henchman: (Being incinerated in furnace arrrrrrrgggghhhhhh.
That's hilarious,man!!!
good for apple, I really like their hardware designs like Mac books(great battery life, anyone?) or iPod touch(better than Creative players, duh!). except iPhone4!
And Steve, please don't be stupid, iPhone4 maybe is a strong and solid piece of hardware, but it sucks, huh? call it in already!
Somebody stop the Sith lord!
With this much money, you'd think Apple would show some heart and open its wallet for some philanthropic actions. For example, Bill & Melinda Gates Foundation.
Instead it goes straight into the pockets of its heartless leader Steve Jobs.
There's something really fundamentally messed up about this picture in my opinion.
Well, drugs profit is way more than vegetables, does it mean that drugs are healthier than vegetables?
Well this is good news, I mean it's no surprise they are doing so well. I am currently posting this message with my iPhone 4 and have never had any connection pr...
Thank the idiots for this profit.
Here was me thinking "Finally, an apple free news day!".The sky is blue, the Earth still rotates, idiots continue to spend money on overpriced products. What's new.
The sky is blue, the Earth still rotates, haters continue to flood threads about something they claim to not care about. Yet they can't resist posting their little witty remarks. Oohhh, an Apple joke. Maybe a Steve Jobs joke. You're sooooo clever.
Here's a tip. Don't like reading Apple news? Then DON'T CLICK THE DAMN LINK.
Companies are set up to make profits, by selling products or services. Those who offer good products make money. Those who don't, suffer losses and get closed down.
It's very simple concept, but people so often associate free market competition with all sorts of principles like good and evil, sith lords, freedom and what-not. For heaven's sake, it's not like they are forcing their products on you like governments force taxes onto people.
ALL of Apple's 30,000 employees contributed to this amazing performance, not just Steve Jobs. On the same note, to bash him and only him for whatever reason reveals a shallow understanding of how business work.
I, for one, wish I had the same acumen as Steve Jobs or any of Apple's top executives or engineers; their market-beating performance over these years is just astounding...
Any time around when there is an Apple news there are so many critics and hardly any fan-boy but still they are making billions.
Seems like they have some innovative people behind but some dull/dumb in front, may be developers think better but policy makers make it hard and an Idea worth spreading is getting criticized.
Just a thought......
I am not an Apple fan or something like that but their products are good but way too overly priced.
I want to mention a lot about apple, the fact that people will pay hundreds extra for a modified Linux box without so many applications, also you can get an android 2.1 tablet slightly slower for $200(google cortex a8 android, I found some on ali express) heck you could get a really slow 7" android pad for $70(moo1 give it some swap space and update the firmware and its semi useful), they both have usb ports and multitasking, no 3g but I still want to take the extra $300-400 and show it to people with Ipads.
Apple henchman: Steve sir, we have made record profits again this quarter, shall I recall the Iphone 4 and fix the reception issue.Steve: No you idiot! I am not going to spend any money just because people can't hold a phone properly. ** Presses button to open trapdoor beneath hanchman's feet **Applhe Henchman: (Being incinerated in furnace arrrrrrrgggghhhhhh.
I can't help but think of Dr. Evil doing that to Mustafa and he wouldn't die until another henchman had to go down into the fire pit and shoot him twice lol.
prefacing this with i use pc's linux and windows, and only own an ipod, however being the guy my freinds go to for tech advice this is what i do tell them about apple products

they make good products for the most part... from a purely hardware perspective you get less, but they always have polish, they use usually well made and feel good. i tend to sterr the less tech savy to them, if you can't install a program or a driver for a device then by all means get a mac, if you have the money to spare, you plug in a camera and it installs everythign for you and all you do is pull your pics off of it, btu the price for this convenience is a clsoed box experience... but for mos tthe people i'd lead in that direction thats what i'd really want them using.
if you can install your own drivers, and install your own programs; or don't have the cash then ge ta pc, more open, more power for the dollar, albeit if you go to dell or another preboxed pc you will not be getting good internal parts, btu its cheaper and usually you get better hardware than some of the mid grade macs for less thna the lowest end mac...
its personal prefrance and people are free to choose, looks like more people are choosing mac, and i'm ok with that as long as my pc hardware isn't affected
Here was me thinking "Finally, an apple free news day!".The sky is blue, the Earth still rotates, idiots continue to spend money on overpriced products. What's new.
Sucks to be you, since Apple is here to stay and is getting bigger and better as time passes. In conclusion, you are going to have a very miserable life if you are to get upset every time you see some news about Apple
the price for this convenience is a clsoed box experience...
That's what Linux users say to Windows users.Windows = Closed Box Experience
Well of course they're making money. Over priced hardware, incomplete design QA, and a flock of sheep that believe they can do no wrong.
The market has spoken. Apple is the best tech company in the world!
You mean the most money laundering / pilfering
anybody who switches to mac because of this proves their lack of knowledge, and therefore deserves to be with the mac lovers. although it seems everybody is posting record profits this year, so much for a recession.
And other companies follow the "idiot" company into the new markets it creates with their wannabe products.... ha ha ha ha ha to u.....
Thank the idiots for this profit.
And other companies follow the company for "idiots" into the new markets it creates with their own wannabe products.... ha ha ha ha ha to u.....
What's really funny ...the media seems to be totally composed of Mac zealots, but the forum dwellers seem to be mostly very vocal anti-Mac everything (in the meanest way). I haven't read a truly booming Mac zealot post in some time now. Do they not bother posting?