Apple Q3 Earnings Exceeds Expectations, $28.57 Billion Revenue, $7.31 Billion Profit

Jul 19, 2011
2

Apple's Q3 earnings results are in and the numbers are staggering. The company has had yet another successful quarter with figures far surpassing Wall Street expectations. The company reigned in $28.57 billion in revenue with $7.31 billion in net profit. Year-over-year sales increased, with all segments, including Macs, iPhones, and iPads all surging, except for iPods.

Apple's iPhone business soared by 142% when compared year-over-year with over 20 million units of iPhones sold. This is the most sold per quarter, certainly a big milestone for Apple. Their iPad sales also grew with an even more impressive 183% year-over-year hitting 9.25 million units. Mac sales rose less dramatically with a 14% climb to 3.95 million units.

The category that slipped was Apple's iPod sales, which have been on a steady decline. It dropped 20% to 7.54 million units. Apple saw the most gains from the Asia Pacific, where sales jumped from $1.8 bllion in 2010 to $4.7 billion in 2011. International sales made up 62% of Apple's Q3 revenue.

[via Apple Insider]


Must Read Bits & Bytes