Tuesday, July 20, 2010

Apple Tallies record income on Mac, IPad, and IPhone Sales

Compared to previous year's third quarter, Apple's proceeds rose 61 percent from $9.73 billion. Profits rose nearly 78 percent from $1.83 billion.

On a per-share basis, Apple earned $3.51 per share, up 75 percent from the $2.01 it earned over the same period in 2009. The company's results beat forecaster expectations of $3.10 a share and $14.74 billion in income.

Apple sold 3.47 million Macs during the three-month period ended June 26, 2010--another quarterly confirmation for the company. Mac sales increased 33 percent over the 2.6 million units Apple sold in the third quarter of 2009.

The third quarter also marked the first full quarter of sales for the iPad, Apple's new tablet. Apple said it sold 3.27 million iPads during the quarter.

Apple sold 8.4 million iPhones in the third quarter, a 61 percent jump over last year's figures. The iPhone 4 debuted in the waning days of the third quarter in what Apple has called the most victorious product launch in its history.

For the economic fourth quarter ending in September, Apple expects profits of $18 billion and earnings per share to come in around $3.44. Analysts were predicting sales of $17.03 billion and earnings of $3.82 per share in advance of Apple's declaration on Tuesday.

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