Apple Thoughts: Q3 Results for Apple

"Apple® today announced financial results for its fiscal 2009 third quarter ended June 27, 2009. The Company posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share."

You may recall the news item from Monday, where it was noted that the announcement on earnings should be good, based on the iPhone 3GS launch, but that you just never know. Well now we do know and it looks like Apple hit it out of the park, posting their best non-holiday sales quarter ever. The results from year ago were revenue $7.46 billion USD and net quarterly profit of $1.07 billion USD, which came to $1.19 USD per diluted share. The gross margin was 36.3% compared to 34.8% from a year ago. Apple also noted that international sales were 44% of the total revenue. The only decline in figures from a year ago was in the iPod section, having sold 10.2 million iPods which was a 7% decline from a year ago. Mac sales were up 4%, which was better than some thought they would do, some even predicted a loss in this category. However, the big jump was in iPhone sales, which came in at 5.2 million units, a 626% increase from a year ago. There is more info in the news release but suffice to say, Apple had a great quarter.