Apple has just started its Q3 financial earnings call, and if the press release accompanying the earnings call is anything to go by, it’s going to be a stunner: Apple has racked up another all-time record revenue and earnings period for the period ending June 25th, 2011.
Apple 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.
How many iPhones? 20.34 million iPhones, up 142 percent over a year ago. Similarly, Apple sold 9.25 million iPads, a 183 percent increase over the quarter.
As for Macs, 3.95 million were sold, which is up a smaller 14 percent over a year ago. As for iPods, they are on the decline as more iPhones and iPads have media playing capabilities: sales declined 20 percent this quarter over a year ago.
“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.”
Expect that estimate to be hysterically conservative three months from now.
Full press release here.
