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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"
http://www.macrumors.com/2010/.....n-revenue/

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.
 

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  • 70743
    pablos17
    deity
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    10 8 2
    Posted by pablos17 on July 21, 2010 [reply] 0 0
    I need to invest more in Apple stock. Those are some impressive earnings. Eeek
      70748
    • WhattaDealBlog
      professor
      1
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      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
    vectra5
    professor
    3 1 1
    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
    vectra5
    professor
    3 1 1
    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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