Apple posts another record quarter, $3.25 billion profit

By on July 20, 2010, 6:38 PM
Citing strong demand for just about every product in its arsenal, Apple has announced yet another best-ever quarter, generating $15.7 billion in sales and a profit of $3.25 billion, which is up 61% from $9.73 billion and 78% from $1.83 billion in the year-ago period. During the fiscal third quarter, Mac computer sales increased by a record 33% to 3.47 million from 2.6 million in 2009. The period ending June 26 also marked the first full quarter of sales for the iPad, which sold 3.27 million units.

Despite the drama surrounding the iPhone 4's reception, Apple says it shipped 8.4 million of its latest handset, a 61% boost over last year. Meanwhile, iPod sales continued their gradual descent, slipping 8% to 9.41 million. All said and done, the company added $4.1 billion to its coin purse, which now holds $45.8 billion. Apple expects the fourth quarter to bring $18 billion in revenue, and it mentioned the pending launch of "amazing new products" still planned for the year.

As related news, iTunes 9.2.1 is out. This update just offers minor bugs fixes but if you like to be on the safe side it is available for Windows 32-bit, 64-bit and Mac OS X.

User Comments: 19

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Guest said:

They should spend some of that on some honesty courses.

Guest said:

I just wonder if the government ****** in congress will go after "EVIL" Apple because they made a HUGE profit, like they do Microsoft, Wal-Mart etc.... Probably not.

Guest said:

Great work apple, I continue to enjoy your products. Don't listen to the haters.

princeton princeton said:

Guest said:

Great work apple, I continue to enjoy your products. Don't listen to the haters.

Great work fanboy. I continue to enjoy you defending a flawed product. Don't listen to the smart people.

captaincranky captaincranky, TechSpot Addict, said:

Apple, wow, they're at least as obnoxious as an oil company.

Kibaruk Kibaruk, TechSpot Paladin, said:

The best comment I can remember of is "They could take a shit, paint it white, put an Apple logo on it and would make a best seller thanks to fanboys".

Guest said:

Battle of the teenagers

Guest said:

@Guest No. 3 hows Steve Job's *** from your vantage point?

dividebyzero dividebyzero, trainee n00b, said:

Unavailable information. Too close to focus properly.

captaincranky captaincranky, TechSpot Addict, said:

Is it true that Steve Jobs turns off his iPad and just stares at his own reflection?

Burty117 Burty117, TechSpot Chancellor, said:

captaincranky said:

Is it true that Steve Jobs turns off his iPad and just stares at his own reflection?


Guest said:

captaincranky said:

Is it true that Steve Jobs turns off his iPad and just stares at his own reflection?

All the while singing " I'm too sexy for my ipod, too sexy for my ipod it hurts!"

Guest said:

Lol :) you are such a *****

windmill007 said:

APPLE.... how evil empires are built

connu connu said:

Go ahead and donate some of that money to me.

natefalk natefalk said:

Easy to do when you make a product that people will pay anything to have...yes, I'm talkin to you fanboys...

According to iSuppli the iPhone 4 costs $187.51 in parts (Apple makes around $600 per phone sold). iSuppli has also estimated that the $499 Wi-Fi iPad costs $260 to make. I'm sure everyone is aware of the labor involved to make these products, so overhead costs have got to be very low.... That's how you make an easy 3.25 bil in profits, huge profit margin and relatively small overhead costs.

@Guest#2: FYI, congress doesn't enforce the law, they make the laws. Get your facts straight! Anti-trust laws have been in place since 1890 (Sherman Act) and again in 1914 (Clayton Act). Every business in the US is subject to these laws. It's not like the members of congress get together and say "Microsoft & Walmart make too much money, lets get some from them".

tengeta tengeta said:

Well hey, when your iBattery goes so does your iDevice. Thats good for the enviroment...

gwailo247, TechSpot Chancellor, said:

I always laugh when Apple fanboys point proudly to Apple's profits like its something good for them. They don't realize that Apple's huge profit comes out of their wallets. And they contribute far more profit, per item, than other consumers.

maestromasada said:

is it true that this qualification called 'iFan' (i Fiddle Apple Nest) is coming alive? You pay a premium with your product and they offer you a 3 days training, teaching you how to hold your iPhone, how to pay for your iProcuts, get your iTunes tuned and show you how your iPad will iWork ever with your iWireless router. That's sound great! They even give you at the end a poster with sexy Steve Jobs and his signature (iMe) on one corner, so you can proudly hang on your bedroom and kiss before going to bed,

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