Apple Q3 2010 financial results

Written by Adrian Kingsley-Hughes, Contributor

Adrian Kingsley-Hughes Contributor

Adrian Kingsley-Hughes is an internationally published technology author who has devoted over two decades to helping users get the most from technology -- whether that be by learning to program, building a PC from a pile of parts, or helping them get the most from their new MP3 player or digital camera. Adrian has authored/co-authored technical books on a variety of topics, ranging from programming to building and maintaining PCs.

Full Bio

Posted in Hardware 2.0 on July 20, 2010 | Topic: Finance

Today Apple posts its Q3 2010 financial results ... and it's been another great quarter for the Cupertino giant.

Here's the details:

• Record revenue of $15.7 billion (compared to $9.73 billion for the year ago quarter)
• Net quarterly profit of $3.25 billion or $3.51 per diluted share (compared to $1.83 billion for year ago quarter)
• Gross margin was 39.1% (compared to 40.9% for year ago quarter)
• International sales accounted for 52% of sales
• 3.47 million Macs sold (33% up on year ago quarter)
• 8.4 million iPhones sold (61% unit increase over year ago quarter)
• 9.41 million iPods (8% unit decline on year ago quarter)
• 3.27 million iPads sold

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “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.”

“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Peter Oppenheimer, Apple’s CFO.