Apple continue to impress with $35 billion in revenue for fiscal Q3, record iPad sales

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Apple has just released its fiscal Q3 2012 earnings report, raking in $35.0 billion in revenue for the quarter, with a quarterly net profit of $8.8 billion. Apple sold a whopping 26 million iPhones in the quarter, 28 percent higher than fiscal Q3 2011. When it came to iPads, Apple sold 17 million during the quarter, a massive 84 percent increase over the same period last year.

Tim Cook is obviously elated with the news, and is bullish on Apple’s future product lineup, which the company believes will continue to drive growth in the remainder of 2012 and beyond.

“We’re thrilled with record sales of 17 million iPads in the June quarter. We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.” - Tim Cook, CEO, Apple

With the news of a strong financial quarter, the company will issue a dividend of $2.65 per share to all common stock shareholders, payable on August 16, 2012. Apple will be taking to the phones for a live earnings conference call at 2:00pm PDT, and we’ll be listening in to bring you additional goods from the earnings call. For now, it looks like continued record success for Cupertino, with the world’s most valuable company showing little to no signs of slowing down.

Apple’s stock plunged over 5.5% ($33.12) to $567.80 in after-hours trading.

[via BusinessWire]

  • http://twitter.com/mobilephonesfan Mobile Phones Fan

    “Apple continue to impress”

    You got that right. Today’s numbers ‘impressed’ Wall Street so much that Apple shares are now down somewhere between 5% and 6% in after-hours trading. ‘Impressive’ results like these nobody needs, not even a high-flier like Apple.

    “Apple has just released its fiscal Q3 2012 earnings report, raking in
    $35.0 billion in revenue for the quarter, with a quarterly net profit of
    $8.8 billion.”

    In the averaged results of Thomson Reuters poll, analysts called for earnings-per-share of $10.37 and revenue of $37.25 billion. Both of these were well above what the company reported: $9.32 EPS and $35 billion in revenue.

    “Apple sold a whopping 26 million iPhones in the quarter, 28 percent higher than fiscal Q3 2011.”

    Similarly, that ‘whopping’ 26 million iPhones fell substantially below expectations of from 28 to 32 million units. Taken in sum with the revenue figure, shareholders now know iPhone is the sole key to Apple’s success …or lack thereof.

    Seriously — does anyone posting on this website have any idea how to read financial news? Or is it simply that, in your headlong daily rush to please Apple fans, it’s too tempting to issue happy-talk headlines regardless of the facts?

  • Anonymous

    This article written well but the content is truly HORSE BLEEP….Apple is nothing important at all and neither are any of it’s devices. Samsung had PIMP SLAPPED APPLE for over 2years now and the time has come for iphone heads to come to terms with the fact that apple=boring and useless experience. Galaxy S3, Galaxy Nexus, Galaxy Note, and the still Galaxy S2 makes the iphone look so FEEBLE it’s comical. And to think the upcoming GALAXY NOTE 2 and the NEW NEXUS is also around the corner what a joy here in android land. The new Iphone or Iphone 5 won’t mean anything really important….

  • http://twitter.com/jimmyovers Jim Overs

    Apples days are numbered.

    RIP apple.

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