Apple Earnings Q3 up to 78 Percent

 Apple posted a revenue of $15.7 billion for the quarter (again, a new record — beating even holiday quarters). And net quarterly profit was at $3.25 billion — $3.51 per diluted share. All of those easily beat both Apple’s own (always low) estimates, as well as Wall Street’s.


To be sure, Apple's quarterly results are widely expected to impress on July 20 as consumers flock to its products and the company continues its tradition of beating Wall Street earnings estimates as it has in every quarter for at least two years. Apple moved 3.27 million units in Q3 2010, the first quarter they’ve reported sales. Yes, the iPad almost outsold the Mac — and that’s on record sales for the Mac.

Some of the highlights of Apple Growth:

* Record revenue of $15.7 billion (compared to $9.73 billion in the year-ago quarter)
* Net quarterly profit of $3.25 billion, or $3.51 per diluted share (versus $1.83 billion/$2.01)
* Gross margin was 39.1 percent (40.9 percent)
* International sales accounted for 52 percent of revenue.
* Sold 3.47 million Macs during the quarter (new quarterly record and a 33 percent unit increase over the year-ago quarter.
* Sold 8.4 million iPhones in the quarter (61 percent unit growth)
* Apple sold 9.41 million iPods during the quarter (an eight percent unit decline)
* 3.27 million iPads sold



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