Apple reports best-ever quarter with $28.57 billion revenue

By on July 20, 2011, 2:20 PM

Alongside today's new product launches, Apple has announced record quarterly performance that Wall Street analysts have called "nothing short of a blowout." The company's fiscal third quarter results marked its best-ever revenue and earnings, pulling in $28.57 billion with a net profit of $7.31 billion ($7.79 per share). That's up 82% from $15.70 billion and 125% from $3.25 billion a year ago.

During the latest period, Cupertino sold 20.34 million iPhones, an increase of 142% on-year and representing a whopping $13.3 billion of the company's revenue. The company's iPad also performed well with 9.25 million units sold, up 183% and accounting for $6 billion of Apple's third quarter revenue.

Both categories trumped the total unit shipments of Macs as the company "only" moved 3.95 million systems. That's still a 14% boost from the prior year, but Apple admitted that the iPad is cutting into Mac sales. In fact, desktops and laptops accounted for less of the company's revenue than the iPad.

Meanwhile, iPod sales have slipped 20% to 7.54 million units, half of which were of the touch variety. Although sales have declined, Apple reports that the iPod still maintains some 70% of the MP3 player market. The company's iTunes media platform raked in some $1.4 billion, up 36% year-over-year.

"We're thrilled to deliver our best quarter ever," said CEO Steve Jobs. Moving forward, Apple expects to post a revenue of $25 billion with diluted earnings per share around $5.50 in the next quarter. You can read the full release here or listen to the conference call (an hour long and requires QuickTime).




User Comments: 32

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TechM633 said:

Sad

Boy......that one word says it all, doesn't it?

MilwaukeeMike said:

Why is it sad? Because they charge so much for their products or because they're made in chinese sweatshops? Can't knock em for being consistently first to market with pretty cool gadgets though.

I looked up what google and microsoft made compared to apple for the 1st quarter and google only had 1.8 bln profit, while MS was at 5.2 bln and Apple was at 5.8. Will have to wait for others to release 2nd quarter numbers to compare.

What I really want to know is... Does Steve Jobs have teeth?

Guest said:

I wish that Android would sew the **** out of Apple for copying Android's slide-down notifications bar! That's just sad...

Staff
Rick Rick, TechSpot Staff, said:

Guest said:

I wish that Android would sew the **** out of Apple

So, did you have a certain color of thread or fabric in mind? I bet Android (which is not a company) could make Apple simply faaaabulous!

ddg4005 ddg4005 said:

Greedy-**s companies making huge profits; what else is new?

gwailo247, TechSpot Chancellor, said:

milwaukeemike said:

What I really want to know is... Does Steve Jobs have teeth?

No, just a smug smirk.

lawfer, TechSpot Paladin, said:

milwaukeemike said:

What I really want to know is... Does Steve Jobs have teeth?

No, why would he? There's an app for that.

MilwaukeeMike said:

ddg4005 said:

Greedy-**s companies making huge profits; what else is new?

Well... it took 6 posts before someone came out calling a successful company greedy. Usually it's one of the first posts.

I can't speak for you ddg, but I sure liked it better two years ago when those greedy companies weren't making huge profits. Back when there were layoffs, pension funds were bankrupt, and people were losing their homes. Of course all that happened because of greedy companies didn't it?

Would you prefer they wasted their money so they had no profit, or are you just upset you're not getting any of it?

Leeky Leeky said:

Apple must clearly be doing something right.......queue the trolls!

captaincranky captaincranky, TechSpot Addict, said:

Apple has never gotten a single penny of mine, which is a source of emormous personal satisfaction.

I hope all iPhone batteries die at the same time, the phones have to be shipped back to China, and simultaneously, somebody forgets to fill the world's food vending machines.

That way, the rest of us would be safe driving in traffic, and most of the Apholians would simply die of starvation.

Modena said:

Words cannot describe how much I hate apple and it's sheep customers who time and again burn they're money on such overpriced garbage products.

Guest said:

This just In: ' Apple reports more silly people buying our silly over priced objects that we make obsolete once every 4-6 months, Steve jobs says " thank you silly people" .'

Guest said:

Here's for hoping Apple goes bankrupt next quarter.

Leeky Leeky said:

Here's for hoping Apple goes bankrupt next quarter.

Good luck.

NoTTaShoT said:

Here's for hoping Apple goes bankrupt next quarter.

Seeing as the iphone 5 is probably going to release 4th quarter of this year It isn't likely.

gwailo247, TechSpot Chancellor, said:

I don't quite see why iSheep get all giddy when they see these numbers. (not here maybe, but elsewhere on the interwebs)

When Shell or BP post these numbers, they complain about the price of gas. When Apple posts them, they're proud.

When Apple has the highest profit per device, by a huge margin, how is that good for the consumer? I could see grudgingly accepting them due to the satisfaction you get out your purchase, but to actually get happy that Apple is making such huge profits seems a bit masochistic.

Guest said:

Way too many haters.

Guest said:

You can't knock them for doing what all businesses want to do. Make more $$$$$$$.

Iis sad, because it is all made in China.

They are not alone.

HP, Dell are all gearing up to proiduce more tablets---Just where they will be made--China.

HP plans to spend TONS of money hiring engineers and building facilities to gear

up for Cloud Computing. Guess where the hiring will happen and the facilities built--China.

I wander how many American coders worked on Lion and how many workimng on Windows 8?

My son-in-law has a small business selling utility trailer . Over the last 7 years the company that makes them (American) has shifted to all Chinese steel.

I'm really concerned for the future of Americans.

aj_the_kidd said:

Guest said:

Way too many haters.

Yeah kinda agree, i am by no means a apple fan boy would actually fall more into the hater category, but I can appreciate a business thats doing very well in sales and producing products.

It does annoy me that more and more people keep thinking that Apple is gods gift to mankind though. Steve Jobs should write a book on how he pulled it off.

Guest said:

I wish I had bought some Apple stock back in the 90's.

red1776 red1776, Omnipotent Ruler of the Universe, said:

I'm really concerned for the future of Americans.

I will join you in that unidentified Guest

captaincranky captaincranky, TechSpot Addict, said:

Here's for hoping Apple goes bankrupt next quarter.
Seeing as the iphone 5 is probably going to release 4th quarter of this year It isn't likely.

Yeah well, Barack Obama better hurry up and have some more play money printed, so as we don't run short on release day.

Darkshadoe Darkshadoe said:

Every time you buy an Apple product, A Foxconn employee jumps to his death...

http://www.mobiledia.com/news/99167.html

Guest said:

People really are suckers.

MilwaukeeMike said:

darkshadoe said:

Every time you buy an Apple product, A Foxconn employee jumps to his death...

http://www.mobiledia.com/news/99167.html

well, not EVERY time. And anyway, they put nets up to prevent that now. (no joke, WIRED mag cover story a few months back.)

To be fair, there are so many people who work in those factories that the number who have killed themselves isn't statically different than the rest of China.

Guest said:

I don't agree with the Apple model of doing things however they obviously hit the mark with some products. For people who don't want to think, don't want to make complex decisions (such as what color to buy a product in) Apple is the company. They offer limited choices and only charge you a premium price for that ability. While Microsoft and Linux offer a variety of choices for lower costs.

fimbles fimbles said:

http://www.mobiledia.com/news/99167.html

Bet steve jobs was happy with this result!

No holiday pay, no redundancy. Is there an app for this?

Guest said:

If you buy a device from HP, Dell, etc. It is made in China

Guest said:

In reply to darkshadoe:

If you buy a device (laptop, netbook, tablet, etc.) from HP, Dell, others, it still comes from China,

Guest said:

Too much profit and nothing better?...Thats FAIL!!! and it seems that we have more sheep (morons) than ever before. apple should be getting a lesson about creating satisfaction to the people but with that reward seems impossible...so you better prepare for more shitty devices

Guest said:

Blackberry's are not made in China..

Canada

Mexico

Hungary

So there is still an option, just don't look at the playbook.. yeesh.

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