Apple Q3 A Blockbuster –10 Million iPods Sold
1:43 pm, July 25th, 2007, Leander Kahney
Apple’s Q3 was the company’s best ever. It raked in $5.41 billion in sales, posting a $818 million in profit. Gross margins — the amount of revenue that is profit — is up to a whopping 36 percent. This surely is the highest in the industry. By contrast, Dell reported Q2 2007 margins of just 4.3 percent, earning $605 million profit on revenues of $14.1 billion.
Apple also reported 10 million iPods sold — up 21 percent on the year before; and 1.76 million Macs, up 33 percent year-on-year.
Apple’s stock is rebounding on the news: it’s up 6 percent after taking a hammering yesterday on AT&T’s iPhone numbers.
Posted by Leander Kahney in Apple, Hardware, Software, iPhone, iPod | Comment on this article
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The real blockbuster is that Apple is more profitable than Dell. Not just better margins, but GROSS DOLLARS. To look at it another way, If Apple ever trades places with Dell, their profit would be a whopping (insert Dr. Evil voice) 5 BILLION Dollars!! That’s Oil company money.
imajoebob, on July 26th, 2007 at 4:28 pm
Well, a week later, AAPL price tumbled on rumors of iPod production cuts. I’m always thinking long term, so not really worried much, but just funny to see how it can go up and down so much so quickly…
C. Peter Chen, on July 31st, 2007 at 9:38 pm