Apple announces record Q3 2010 revenue; earnings up 78 percent

Summary:iPhone debacle? What iPhone debacle? Apple proved again today that it's virtually impervious to the effects of sometimes flaky products, or even the financial markets as a whole.

Q3 - 2010iPhone debacle? What iPhone debacle? Apple proved again today that it's the teflon don of technology companies and virtually impervious to the effects of sometimes flaky products, or even the financial markets as a whole.

Apple today announced its financial results for the third fiscal quarter of 2010 and they're outstanding. Q3 was another record quarter for the company, with revenue hitting an all-time high and earnings up a whopping 78 percent.

Some of the highlights:

  • Record revenue of $15.7 billion (compared to $9.73 billion in the year-ago quarter)
  • Net quarterly profit of $3.25 billion, or $3.51 per diluted share (versus $1.83 billion/$2.01)
  • Gross margin was 39.1 percent (40.9 percent)
  • International sales accounted for 52 percent of revenue.
  • Sold 3.47 million Macs during the quarter (new quarterly record and a 33 percent unit increase over the year-ago quarter.
  • Sold 8.4 million iPhones in the quarter (61 percent unit growth)
  • Apple sold 9.41 million iPods during the quarter (an eight percent unit decline)
  • 3.27 million iPads sold

Can anything stop AAPL?

Topics: Banking, Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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