Apple’s Strong Fiscal Third Quarter Beats Wall Street Estimate

By Dipankar Das, Gaea News Network
Wednesday, July 21, 2010

apple The strong fiscal third quarter of Apple computer surpassed Wall Street Estimate on revenue, profit as well as Mac, iPhone, iPad and iPod units. Apple reported third quarter net income of $3.25 billion, or $3.51 a share and revenue of $15.7 billion. Apple was expected to report earnings of $3.11 a share on revenue of $14.75 billion for the third quarter ending June 30. In fact, this quarter marked apple best ever in term of revenue and sales of Mac.

Apple sold 3.47 million Macs during Q3 which is a new quarterly record. The company sold 8.4 million iPhones, which is a little bit down from the 8.75 million they sold last quarter. The company also sold 9.41 million iPods in Q3. But the big number is the iPad sales. Apple moved 3.27 million units in Q3 2010. Apple CEO Steve Jobs said “we have amazing new products still to come this year,” in the release.

Apple’s operating chief Tim Cook said that Apple’s iPhone is adopted in the enterprise. More than 80% enterprises are either evaluating or planning to buy iPhone.  The other exciting news is that 50 percent of the Fortune 100 are testing and evaluating the iPad in the enterprise. According to Cook, the growth of the iPhone in Asia Pacific and China (including Hong Kong and Taiwan) was phenomenal  to Apple. Asia Pacific was up 474 percent, Japan 183 percent, Europe 133 percent. But, the revenue from China jumped $1.3 billion, an increase of 200%.

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