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 Send to email | Apple eviscerates Q3 earnings estimates, revenue up 78% year-over-year in AppleBreaking NewsMobileearningsearnings per shareepsestimatesiPadiPhoneMacQ3 2010revenueSales |  By Andrew Munchbach
el 20-Jul-2010 |
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Apple’s been getting a little bit of bad press lately, but it clearly isn’t hurting their bottom line. In a press release today, the Cupertino company announced earnings for Q3 2010 ending on June 26th… and they’re impressive. The company posted revenue of $15.7 billion for the quarter with earnings per diluted share coming in at a blistering $3.51; up from $2.01/share in Q3 of last year. The company’s gross margin was 39.1% (compared to 40.9% from a year ago), and international sales accounted for 52% of the company’s quarterly revenue. Apple sold 3.47 million Mac computers (a 33% increase from Q3 of last year), 8.4 million iPhones (up 61% YoY), 9.41 million iPods (an 8% decline YoY), and 3.27 million iPads. Apple’s CFO, Peter Oppenheimer, said: ?We?re really pleased to have generated over $4 billion of cash during the quarter. Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44.” Glorify or vilify them, they are printing money in Cupertino these days. We’ve got the full release for you after the break.
Apple Reports Third Quarter Results
All-Time Record Revenue
Earnings Increase 78 Percent
CUPERTINO, California?July 20, 2010?Apple® today announced financial results for its fiscal 2010 third quarter ended June 26, 2010. The Company posted record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter. Gross margin was 39.1 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 52 percent of the quarter?s revenue.
Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. The Company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter. The Company began selling iPads during the quarter, with total sales of 3.27 million.
?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. ?Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44?
Apple will provide live streaming of its Q3 2010 financial results conference call beginning at 2:00 p.m. PDT on July 20, 2010 at www.apple.com/quicktime/qtv/earningsq310/. This webcast will also be available for replay for approximately two weeks thereafter.
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| HP reports Q2 earnings: revenue up over last year, weak Q3 guidance | | HP reported its second quarter results for 2011 early on Tuesday. Net revenue of $31.6 billion was up 3% from the $30.8 billion in net revenue HP reported during the second quarter last year. The firm reported income of $2.3 billion, up 5% from the same period last year. HP said its results were driven by the commercial sector and that it experienced “uneven consumer performance across its p [..] Read complete article | | Published 17-May-2011 by Todd Haselton in ComputersEarnings
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| HP reports Q3 earnings: revenue up over last year, weak 2011 guidance |  HP reported its third quarter 2011 results on Wednesday, missing the Street’s estimates considerably. Net revenues of $31.2 billion were up from the 30.7 billion HP reported during the same quarter in 2010 and also up from the $31.6 billion the company reported during the second quarter. The figures are in line with HP’s guidance of $31.1 billion to $31.3 billion for the third quarter [..] Read complete article | | Published 18-Aug-2011 by Todd Haselton in Earnings2011HPPre3Q3Third QuarterTouchpad
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| RIM reports Q4 earnings; revenue misses estimates despite record shipments | | Shares of Research in Motion stock declined over 12% after hours on Thursday as the company reported its fourth-quarter earnings for its 2011 fiscal year. RIM reported revenue that missed Wall Street’s consensus on device shipments that exceeded expectations by 200,000 units. Fourth-quarter revenue came in at $5.6 billion, just below the $5.64 billion analysts expected. Device shipments for [..] Read complete article | | Published 24-Mar-2011 by Zach Epstein in
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| Zynga reports record quarterly revenue, profits still down year-over-year | |
Never underestimate the addictive power of microtransaction infused farms, apparently, as Zynga has disclosed a record quarter for the period between July 1 and September 30: Over $306 million, an 80 percent increase in revenue over that same period in 2010. The social [..] Read complete article | | Published 06-Nov-2011 by Jordan Mallory in adventure-worldfacebookfarmvillemacmobilepcprofitsQ3recordrevenuewords-with-friendszynga
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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Activision Blizzard has released its financial results for the first quarter of its fiscal 2012, posting total net revenue (pre-tax income) of $1.17 billion for the period ending on March 31, 2012. This is a 23 percent drop over [..] 
