If you listen closely, you can hear 'em singing Abba's "Money, Money, Money" at One Infinite Loop because Apple has announced great financial results for its fiscal 2010 third quarter that ended June 26.
The company posted record revenue of US$15.7 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share. These results compare to revenue of $9.73 billion and net quarterly profit of $1.83 billion, or $2.01 per diluted share, in the year-ago quarter. Gross margin was 39.1 % compared to 40.9% in the year-ago quarter. International sales accounted for 52 percent of the quarter’s revenue.
Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33% unit increase over the year-ago quarter. The company sold 8.4 million iPhones in the quarter, representing 61% unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an 8% unit decline from the year-ago quarter. Of course, the...| Read more »