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Apple Q3 2010 financial results

Today Apple posts its Q3 2010 financial results ... and it's been another great quarter for the Cupertino giant.
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Written by Adrian Kingsley-Hughes, Contributor on

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.

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