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Apple reports 15.7 Billion in revenue for Q3 2010.

submitted on July 21, 2010 by WhattaDealBlog in "Member's Lounge"

Apple today announced financial results for the second calendar quarter and third fiscal quarter of 2010. For the quarter, Apple posted revenue of $15.7 billion and net quarterly profit of $3.25 billion

Conference Call Highlights
- CFO Peter Oppenheimer going over quarterly results: highest quarterly revenue ever, surpassing most recent holiday quarter.
- Driven by iPad launch, as well as strong iPhone and Mac sales.
- Detailing Mac sales: Record of 3.47 million beats last holiday quarter by over 100,000; outgrew market in both desktop and portable segments.
- iPod sales down slightly, but iPod touch up 48% year-over-year. MP3 player market share still over 70%.
- iTunes Store revenue over $1 billion in revenue this quarter.
- iPhone: Over 1.7 million iPhone 4s sold in five launch countries, iPhone average selling price of $595.
- Passed cumulative sales of 100 million iOS device sales during the quarter.
- 3.27 million iPads sold in 10 countries during the quarter, average selling price of $640.
- Retail revenue up 73%. Mac sales units up 38%, half sold to new-to-Mac customers. Opened four U.S. stores, 2 in Australia, and 1 in Canada during the quarter. Record 60.5 million customers served.
- Gross margin of 39.1, well above guidance. Strong performance due in part to smaller-than-anticipated effect of iPad and iPhone margins.
- Cash and marketable securities up to $45.8 billion.

  • 70743
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    Posted by pablos17 on July 21, 2010 [reply] 0 0
    I need to invest more in Apple stock. Those are some impressive earnings. Eeek
    • WhattaDealBlog
      Posted by WhattaDealBlog on July 21, 2010
      [reply] 1 0
      Here is the returns a "Friend" of mine on another form has gotten out of Apple.

      I have been long on AAPL since 2001. It has rewarded me with better than $52,000.00 on a $1,080.00 investment. They have only gotten better since then. Everyone hates a winner. I think I will keep what I have. Lots more to go.

      PS: I am not a broker, totally uneducated when it comes to the stock market. I just know a good thing when I see one!
  • 70749
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    Posted by vectra5 on July 21, 2010 [reply] 0 0
    That's some serious money... In this day and age to be so profitable is not easy..
  • 70751
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    Posted by vectra5 on July 21, 2010 [reply] 0 0
    By the way, when this news came out, the Apple stock went up 2.81 percent , thus wiping out the loss company suffered with the Antenna issue on iPhone 4.

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