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Apple Reports Q3 Earnings: All Time Record Revenue

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Yesterday Apple had announced their third quarter 2010 financial results. The last quarter Apple sold 8.75 million iPhones. How were earnings this quarter, especially with the introduction of the iPad? Pretty good from the numbers below I’d have to say.

Here are some key numbers from their Q3 conference call:

  • Record revenue of $15.7 billion and net quarterly profit of $3.25 billion
    • Year ago quarter comparison: $9.73 billion and net quarterly profit of $1.83 billion
  • 8.4 million iPhones sold (61% increase compared to year ago quarter)
  • 9.41 million iPods sold (8% decline from year ago quarter)
  • 3.47 million Macs sold (new record; 33% increase compared to year ago quarter)
  • 3.27 million iPads sold (wow)
  • 4 billion + in cash generated
  • International sales accounted for 52% of revenue

Words from CEO Steve Jobs:

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “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.

Take a look at the number of iPad vs Mac sales. Apple almost sold more iPads than Macs. Maybe this ‘new’ category is actually something worth looking into? It doesn’t help when other ‘tablet’ manufacturers keep on coming up with ‘vaporware’ (ie HP Slate, Microsoft Courier) that helps Apple’s cause.

iPhone 4 Units Selling Like Hotcakes

Even with “Antennagate“, people are still buying the iPhone 4 and Apple can’t keep up with demand. Once the iPhone 4 hits the second wave of countries (which includes Canada), expect stock levels to remain at low levels. Apple’s chief operating officer Tim Cook declared: “We are selling every unit we can make.” I can’t wait to get my hands on the iPhone 4 when it’s released on July 30th in Canada!

[Apple]

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  • Guest

    Great! Now I wish it was July 30 already!!! I can't wait any longer. I'm gona lose it if it don't get it soon! Imagine I'm not eligible for upgrade!? Fuck

  • skull

    think about something else for the next 9 days .. trust me, it helps!

  • Coolfire

    Gary, you think the iphone 4 is going to be sold out on launch day, or will it survive a few more days??

  • Spleenzorio

    Haha yeah that's what I'm doing, although I still think about it because I ordered the zagg invisable shield the day the iPhone 4 was initially announced so I've had the screen shield just waiting on my desk 😛 I'm lucky though I have a hookup at bell who is gunna hold on to a 32gb iPhone 4 for me incase there's a huge line the day of release

  • Jr123456

    Same.
    My buddy is the manager at Wireless Wave and is saving me one.
    It's good to have connections 😉

  • Kw

    i envy two of ya all

  • Xywix

    hook me up !!!… damn now i wish i was a bit mre social 😀

  • Junk3124

    Aww, I was hoping there would be pre-orders today. Guess not?

  • Akbar

    I have a friend at Rogers and he told me the price plans will be anounced by end of this week……

  • Do you think Fido will do that too? since I think they have both same parents company..

  • Luca

    will we get the free bumper as well

  • Fallinin

    yes Rogers owns Fido, so keep your fingers crossed =)

  • Ex

    The price plans are the same.

  • Ex

    The same plans Fido has now will be used for the iPhone 4

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