has seen the introduction of several new or revamped products for
Apple. We've seen new MacBook
Pros, new MacBooks,
the introduction of the iPad,
a redesigned Mac
mini, and of course the new iPhone
those aforementioned products, the Mac mini and iPhone 4 were the
only ones to be released since Apple's
blowout Q2 2010 results. The Mac mini got flak for its $100 price
increase while we the controversy surrounding the iPhone 4 is
these bumps in the road since April 20, Apple's financial might is
still fully on display. The company announced today that revenue
for the third quarter came in at a record $15.7 billion while
quarterly profit was a healthy $3.25 billion. Those numbers compare
to $9.73 billion and $1.83 billion respectively from the same period
one year ago. Earnings per share came in at $3.51.
sold 3.47 million Macs during the quarter (33 percent increase from a
year ago), 3.27 million iPads, and 8.4 million iPhones (61 percent
unit growth compared to a year ago). The only downside was the
company's iPod unit which saw sales drop eight percent year-over-year
to a still impressive 9.41 million units for Q3.
shares are up 3.5 percent in after hours trading.
was a phenomenal quarter that exceeded our expectations all around,
including the most successful product launch in Apple’s history
with iPhone 4,” said Apple CEO 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.”
didn't give any guidance to how much “Antennagate” will cost –
the company announced last last week that it would provide free cases
to customers who purchased iPhone 4s and will refund the $30 purchase
price of bumpers that have already been bought direct from Apple.
Apple's free case/case reimbursement program will begin later this
week and will last until September 30.