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Apple Posts Record Third-Quarter Revenue; iPad Sales Reach 3.27 Million

Apple announced the results for its fiscal 2010 third quarter, revealing record revenue, net quarterly profit of $3.25 billion, and worldwide launch iPad sales in excess of 3.27 million units.
Apple announced the results for its fiscal 2010 third quarter ending June 26th, revealing record revenue and net quarterly profit of $3.25 billion. Third-quarter profits are up from $1.83 billion last year. Company revenue for the quarter totaled $15.7 billion, up from $9.73 billion earned the same quarter in 2009. The concluded quarter saw the debut of Apple's iPad device, which is already extremely notable for its gaming applications, and has since sold 3.27 million units worldwide. Apple notes that international sales account for 52 percent of the quarter's revenue. Apple additionally sold 8.4 million iPhones in its fiscal third quarter -- a 61 percent increase over last year's third-quarter iPhone sales results. "It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," said Steve Jobs, Apple's CEO. "iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year." "We're really pleased to have generated over $4 billion of cash during the quarter," said Apple CFO Peter Oppenheimer. "Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44."

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