Summary Box: iPhone, iPad sales push Apple’s fiscal 3rd-quarter net income up 78 percent
By APTuesday, July 20, 2010
Summary Box: Apple 3Q net income up 78 percent
THE RESULTS: Apple’s net income rose 78 percent to $3.25 billion, or $3.51 per share, from $1.8 billion, or $2.01 per share a year ago. Revenue for the April-to-June period rose 61 percent from last year to $15.7 billion.
THE DETAILS: Apple sold 8.4 million iPhones, up 61 percent from last year. The company sold 3.3 million iPads in the gadget’s first three months on the market. Macintosh sales were up 33 percent to 3.5 million computers.
THE OUTLOOK: Apple said it expects $18 billion in revenue for the current quarter, compared with Wall Street’s forecast for $17 million.
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