Apple sees ?phenomenal? quarter

Vendor posts net quarterly profit of $3.25 billion
Author:
Publish date:
44_AppleFlag.jpg

Apple has revealed its financial figures for the last quarter, having sold a record amount of Macs and 3.27 million iPads sold so far.

The vendor posted gross revenue of $15.7 billion for the quarter ending on June 26th, with net profits standing at $3.25 billion.

Mac sales increased by 33 per cent year-on-year, iPhones sales grew by 61 per cent and although iPod sales fell by eight per cent, the shortfall was taken up by the iPad.

“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. “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.”

“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Apple’s chief financial officer Peter Oppenheimer. “Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44.”

Related