[Update] Apple 2011 Q3 Earnings: $28.57 Billion in Revenue, Over 20 Million iPhones Sold

Update 2: Fantastic charts by MacRumors:

Update: Here are the notes straight from the Apple 2011 Q3 Earnings Conference call:

-57% increase in year over year growth of Mac sales in Asia
-OS X Lion being launched tomorrow
-iPod touch accounts for more than half of iPods sold
-225 million iTunes accounts; more than 15 billion songs downloaded

-record 23 million iPhones sold
-Asia: sales quadrupling year over year
-new carriers: 228 carriers, 105 countries
-91% of Fortune 500 companies testing or deploying iPhone

-sold every iPad they could make
-iPad 2 in 36 countries; total distribution in 64 countries
-1.05m iPads in channel inventory
-86% of Fortune 500 companies deploying the iPad

-222 million cumulative iOS device sales by end of June
-$76.2 billion in cash

Apple Retail
-768K Macs; 13% increase; lots of new Mac customers
-10.8m per store in revenue
-73.7 million visitors in June quarter

Apple TV
-Still a ‘hobby’;


Tim Cook:
-people bought iPads over Macs, and also over PCs
-Sales in China up over 6x, over $3.8b in the quarter; just scratching the surface, and incredible opportunity for Apple

Apple has just announced their 2011 Q3 earnings, and the numbers are staggering. The Cupertino-based company generated $28.57 billion in revenue during the 2011 third quarter. Here are the numbers of products sold:

2011 Q3 Sales Numbers (numbers in brackets represent changes compared to the year ago quarter):

  • 20.34 million iPhones sold (142% increase)
  • 9.25 million iPads sold (183% increase)
  • 3.95 million Macs sold (14% increase)
  • 7.54 million iPods sold (20% decrease)

CUPERTINO, Calif.–(BUSINESS WIRE)–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.

“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.”

“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.”

In the previous second quarter of 2011, Apple sold 18.65 million iPhones and 4.69 million iPads. The increase in sales during Q3 is impressive, and downright jaw-dropping. Stay tuned as the live earnings call is coming up at 2PM PDT.

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