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Apple's Q3 earnings exceed estimates, 20 million iPhones sold Apple's Q3 earnings exceed estimates, 20 million iPhones sold
By Salar Golestanian @ 20 Jul 2011 :: Article Rating :: Web Trends
 
Apple at Cupertino just reported its best quarter ever, with earnings of $7.79 per share, revenue totaling $28.57 billion, and a net profit of $7.31 billion. We know you're probably more interested in sales figures, however, Apple's continued to ship iPhones and iPads at a steady pace, with 20.34 million smartphones and 9.25 million tablets sold last quarter. 

Apple has now become the most valuable company in the world by this fall, as its stock hit a record $375 a share. Today, after record earnings results, the stock is currently trading after hours at around $400 (we saw it at $404 at some point, now it’s hovering at $398), which would imply a market cap of around $366 billion.

Apple has also shipped 3.95 million Macs -- a 14 percent jump over Q3 2010's numbers. Fewer iPods made it out the door this quarter, however, totaling 7.54 million compared to the 9.41 million Apple sold in Q3 2010. As always, the company seems to be mum on future product announcements, though we wouldn't be surprised to see new MacBook Air and Lion sales figures factoring into next quarter's results. Meanwhile, rumors are stirring in Silicon Valley that Apple's board has begun looking for possible replacements for CEO Steve Jobs, following a Wall Street Journal article by Yukari Iwatani Kane, who has a history of being eerily accurate with Apple rumors. This news hasn't had an effect on Apple's stock price, however, which topped $400 per share during after-hours trading today.

Apple Reports Third Quarter Results

All-Time Record Revenue and Earnings
iPhone Sales Grow 142 Percent; iPad Sales Grow 183 Percent
CUPERTINO, California-July 19, 2011-Apple® today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue.

The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," said Steve Jobs, Apple's CEO. "Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall."

"We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."
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About General News and BlogTopics by Salar Golestanian
These are various short and long News Articles and Blogs by Salar Golestanian the founder of SalarO.com about the latest topics that interest me. The subject matter are mixed topics from Web Trends, Technology, Software, Science or Current Afair, or whatever that can affect Internet Technology in any shape or form.  I have been told that the best place for these would have been for me to place them on a page at SalarO.com, However, some of these Blogs have less of a commercial or corporate genra, so they are placed here in this personal site. These Blogs help me explain a little more than normally is allowed in the 140 character real-estate of a typical Twitter post. They may also link you to the actual news or site that can expands further on my comments.

SalarO.com is a respected UK web consultancy with a proven record in DotNetNuke WCMS and System Integration expertise for ‘.Net’, E-Commerce systems. Recently we have also been working with nopCommerce as highly versatile ecommerce solution that can live alongside Wordpress to deliver great blog engine that Google loves.   We possess the necessary skills to create solutions based on the 3 technology as well as mobile apps for iOS/Android so they can communicate with your WCMS or E-commerce portal using nopCommerce. We are also helping some of our clients at Salaro to setup and use wordpress as fringe sites blogging about their products and services helping to maximize SEO potentials on the key words that can increase their Google position.  SalarO team is expanding their offerings with a range of custom modules, extensions & templates for DNN and nopCommerce. 
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