Apple has just announced their Q3 2012 earnings, and the company had a stellar quarter, beating many Wall Street estimates. The company earned $35.97 billion in net revenue, a net profit of $8.2 billion, and earnings of $8.67 per share. This compares favorably to Q3 2011, which saw revenue of $28.3 billion, profit of $6.6 billion, and $7.05 per diluted share. Analysts were expecting $35.8 billion in net revenue, and $8.75 EPS. Revenue was slightly ahead of expectations, while earnings per share fell a bit below, though we think any company out there would kill for quarterly profits of $8.2 billion.
Apple sold 26.9 million iPhones and 14.0 million iPads in Q3, which represents increases of 58% and 26% (respectively) over Q3 2011. The company will pay a cash dividend of $2.65 per share of the Company’s common stock, payable on November 15, 2012.
“We’re very proud to end a fantastic fiscal year with record September quarter results. We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.” – Tim Cook, CEO, Apple, Inc.
More to come as the company holds a press conference to discuss their financial report at 5PM EST.
[via Business Wire]
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