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Thursday, July 22, 2010

Apple Posts All-Time Record Revenue Of $15.7 Billion; Sells 8.4 Million iPhones And 3.27 Million iPads In Q3

http://www.prlog.org/10763496-iphone-4.jpg 

Apple has posted all-time record revenue of $15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share for its fiscal 2010 third quarter ended May 27, 2010.       
Apple sold 8.4 million iPhones in the quarter, up 61 percent over the year-ago quarter. Apple also sold 3.27 million iPads, which it had launched earlier in the quarter.
Apple sold 3.47 million Macs during the quarter, up 33 percent unit over the year-ago quarter. Apple also sold 9.41 million iPods during the quarter, representing an eight percent decline over the year-ago quarter.
Apple’s CEO, Steve Jobs said:
It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4. 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.”
Below are some of the estimates made by analysts on how many iPhones Apple will sell in the second quarter (from CNNMoney):
Analyst, affiliation iPhones (millions) Date of est.
Gene Munster, Piper Jaffray 9.5 6/22/2010
Jeff Fidacaro, Susquehanna 9.44 6/18/2010
Robert Paul Leitao, Apple Finance Board 9.4 7/2/2010
Andy Zaky, Bullish Cross 9.3 6/27/2010
Jeff Fosberg, Apple Finance Board 9.25 6/3/2010
Ashok Kumar, Rodman & Renshaw 9.2 7/1/2010
Peter Misek, Canaccord Adams 9.2 4/21/2010
Keith Bachman, BMO Capital 9.2 6/28/2010
Daniel Tello, Deagol's AAPL Model 9.04 6/30/2010
Ralph Schackart, William Blair 8.94 6/28/2010
Brian Marshall, Gleacher & Co. 8.75 6/23/2010
Yair Reiner, Oppenheimer 8.6 6/30/2010
Doug Reid, Thomas Weisel 8.54 4/20/2010
Richard Gardner, Citigroup 8.5 6/28/2010
Horace Dediu, Asymco 8.5 6/29/2010
Ben Reitzes, Barclay's Capital 8.14 6/22/2010
Alexis Cabot, Apple Finance Board 8 7/6/2010
Toni Sacconaghi, Bernstein Research 7.88 6/21/2010
Scott Craig, Merrill Lynch 7.8 6/28/2010
Turley Muller, Financial Alchemist 7.8 7/4/2010
Mike Abramsky, RBC Capital 7.7 7/6/2010
Shaw Wu, Kaufman Bros. 7.5 7/6/2010
Kathryn Huberty, Morgan Stanley 7.5 7/1/2010
Mark Moskowitz, J.P. Morgan 7.44 7/1/2010
Unlike last time where Apple had beaten estimates by a huge margin, analyst seem to be getting better at estimating iPhone numbers.
Wall Street seems to like the results. Apple's stock is currently trading at approximately $259 up approximately $7.10 (~2.8%).
Apple will be holding its Q3 conference call at 5:00 EDT today. You can listen to the audio webcast of Apple’s conference call here.
We can't wait to find out about the amazing new products that Apple is expected to launch this year.

Source:apple.com