Tuesday, July 19, 2011

Apple Inc. (NASDAQ: AAPL): Q3 2011 Earnings Roundup

Apple Inc. (NASDAQ: AAPL) on Tuesday reported that its fiscal third quarter net income jumped to $7.31 billion, or $7.79 per share, from $3.25 billion, or $3.51 per share, in the year-ago quarter. Revenue soared 82% to $28.6 billion for the quarter. Analysts, on average, expected the company to report earnings of $5.73 per share on revenue of $24.75 billion.

The company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," said Steve Jobs, Apple's CEO. "Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall."

Looking ahead, Apple said that it expects fiscal fourth-quarter revenue of about $25 billion and earnings per share of about $5.50. 

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