Tuesday, July 20, 2010
Apple Q3 2010 Results, Impressive
Posted by Jeff Campbell in "Apple News" @ 03:07 PM
"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."
Image Credit: taranfx.com
Pretty good quarter for Apple, and the stock reacted by jumping up about $8.00 USD [link]. The company as a whole had revenue of $15.7 billion USD with a profit during Q3 2010 of #3.25 billion USD. Quite the jump from Q3 2009 when the revenue was $9.73 billion USD and the profit was $1.83 billion USD. International sales were 52 percent of the revenue total, compared to 44% in Q3 2009 [link]. The retail stores results were impressive as well posting a record 60.9 million visitors, up over 20% from the previous record [link].
This should help them pay for the cost of the free cases, expected to cost in the neighborhood of $175 million USD [link].
