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Apple Reveals Q3 Revenue; Still Swimming in $$$

By - Source: Tom's Hardware US | B 34 comments

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 Apple’s 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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Top Comments
  • 23 Hide
    matt87_50 , July 22, 2010 3:34 AM
    urbninjaThe 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 .....
  • 23 Hide
    cashews , July 22, 2010 3:26 AM
    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.
  • 17 Hide
    arael , July 22, 2010 4:20 AM
    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.
Other Comments
    Display all 34 comments.
  • 23 Hide
    cashews , July 22, 2010 3:26 AM
    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.
  • 8 Hide
    polly the parrot , July 22, 2010 3:27 AM
    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 :D 
  • -6 Hide
    gammaraptor , July 22, 2010 3:31 AM
    Yes, he is going to release the "iRack" and the "iRan" too! =DD
  • 23 Hide
    matt87_50 , July 22, 2010 3:34 AM
    urbninjaThe 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 .....
  • 7 Hide
    chickenhoagie , July 22, 2010 3:35 AM
    urbninjaThe 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.
  • 17 Hide
    arael , July 22, 2010 4:20 AM
    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.
  • 7 Hide
    ares1214 , July 22, 2010 4:21 AM
    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.
  • 4 Hide
    xantek24 , July 22, 2010 4:29 AM
    blast!!! you may have won the battle jobs, but you have not defeated my android army....
  • 0 Hide
    damasvara , July 22, 2010 4:44 AM
    cashewsApple 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!!!
  • -5 Hide
    vaskodogama , July 22, 2010 4:56 AM
    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!
  • 4 Hide
    rohitbaran , July 22, 2010 5:02 AM
    Somebody stop the Sith lord! :/ 
  • 1 Hide
    eddieroolz , July 22, 2010 5:12 AM
    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.
  • 10 Hide
    kikireeki , July 22, 2010 5:32 AM
    Well, drugs profit is way more than vegetables, does it mean that drugs are healthier than vegetables?
  • -3 Hide
    _Cubase_ , July 22, 2010 6:06 AM
    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...
  • -1 Hide
    swell9 , July 22, 2010 6:43 AM
    Thank the idiots for this profit.
  • -3 Hide
    ericburnby , July 22, 2010 7:55 AM
    araelHere 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.
  • 4 Hide
    Anonymous , July 22, 2010 10:58 AM
    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...
  • 2 Hide
    sudeshc , July 22, 2010 10:58 AM
    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.
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