Apple yet again reports record revenues, earnings increase 78 percent

Apple just announced its third quarter results and they are astounding. Revenues of $15.7 billion. Net quarterly profit of $3.25 billion. Their margins were down 1% from a year ago, but who is going to argue when you're raking in billions of cash each quarter? Not me, that's who. (Note that to the best of my knowledge I'm not a stockholder in Apple).

Read the full press release here, or bask in the opulence of CFO Peter Oppenheimer's words, "We're really pleased to have generated over $4 billion of cash during the quarter. 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"

View Tags

Source: http://www.apple.com/pr/library/2010/07/20results.html

Categories

Apple Financial

Apple just announced its third quarter results and they are astounding. Revenues of $15.7 billion. Net quarterly profit of $3.25 billion....

Add a Comment

Sign in »

3 Comments

Filter by:

ralf schumacher

Most of my 278 shares of apple stock were bought just before the split in (approximately) 2005. So I paid roughly $30/share. My broker is worried about this large percentage of my portfolio in one stock. But I keep telling him to keep the faith, I am hoping the next 5 years surpasses the last 5.

July 20 2010 at 5:32 PM Report abuse Permalink rate up rate down Reply

1 reply to ralf schumacher's comment