Apple on Monday reported fiscal third quarter earnings of $1.07 billion, or $1.19 a share, on revenue of $7.46 billion, well ahead of Wall Street estimates as Mac sales continued to surge. However, Apple lowered its outlook with concerns over CEO Steve Jobs’ health.
Macs fueled Apple’s quarter as Apple shipped 2,496,000 Macs in the quarter, up 41 percent in units from a year ago. Apple’s Mac tally wasn’t totally unexpected given that the company has been picking up market share at a rapid clip. Indeed, Apple is the third largest PC vendor in the U.S., according to Gartner.
The company also sold a little more than 11 million iPods in the quarter, up 12 percent from a year ago. Apple moved 717,000 iPhones in the third quarter, up from 270,000 a year ago.
Here are some of the highlights :
- The company had $20.7 billion in cash, cash equivalents and short-term investments.
iPhone and Apple TV deferred revenue in the third quarter was $4.06 billion, up from $2.24 billion in the September quarter a year ago.
- Revenue in the Americas was $3.43 billion in the third quarter, up from $2.68 billion a year ago. Europe revenue was $1.65 billion, up from $1.16 billion a year ago. Apple also got traction in
iPhone and Apple TV deferred revenue in the third quarter was $4.06 billion, up from $2.24 billion in the September quarter a year ago.
- Revenue in the Americas was $3.43 billion in the third quarter, up from $2.68 billion a year ago. Europe revenue was $1.65 billion, up from $1.16 billion a year ago. Apple also got traction in
- Japan with revenue of $365 million, up from $258 million.
- Retail store revenue was $1.44 billion, up from $915 million a year ago.
- Portable revenue was $2.23 billion in the third quarter, up from $1.57 billion a year ago.
- Retail store revenue was $1.44 billion, up from $915 million a year ago.
- Portable revenue was $2.23 billion in the third quarter, up from $1.57 billion a year ago.
- Desktop revenue was $1.37 billion, up from $956 million a year ago.
- Other music related products and services (iTunes) had revenue of $819 million, up from $608 million a year ago, but off 7 percent sequentially.
- Other music related products and services (iTunes) had revenue of $819 million, up from $608 million a year ago, but off 7 percent sequentially.
What a stellar result taking into consideration Apple was on the verge of collapse in 1997. No wonder Jobs health can be such a worrying factor. Apple certainly needs to figure out life after Jobs just like how Microsoft had to deal with life after Gates.
via Apple PR
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