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 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.

"the market has spoken, Lady Gaga is the best musician in the word."
define: best .....
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.
The sky is blue, the Earth still rotates, idiots continue to spend money on overpriced products. What's new.
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.
Edit: Cashews, you said it wrong. An associate comes to collect the henchman for his 'party'. Yes there will be cake
"the market has spoken, Lady Gaga is the best musician in the word."
define: best .....
no..they are the best marketing company in the world. tech company? not quite. they just sell "tech" equipment.
The sky is blue, the Earth still rotates, idiots continue to spend money on overpriced products. What's new.
That's hilarious,man!!!
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!
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.
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.
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...
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.