The IT Nerd

Fresh off the wires are Apple’s financial results for fiscal Q3. Here’s the highlights:

• Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion (or $1.19 per diluted share). This compares favorably to revenue of $5.41 billion and net quarterly profit of $818 million (or $.92 per diluted share) in the year-ago quarter.
• Apple shipped 2,496,000 Macintosh computers. Compared to a year ago that’s 41 percent unit growth and 43 percent revenue growth.
• Apple shipped 11,011,000 iPods this quarter. Compared to a year ago 12 percent unit growth and 7 percent revenue growth. (Doesn’t everybody and their dog already have an iPod? Where is this growth coming from?)
• Apple 717,000 iPhones were sold this quarter. That’s an almost three fold increase compared to a year ago.

To nobody’s surprise, “The Steve” is very pleased:

“We’re proud to report the best June quarter for both revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we’re busy finishing several more wonderful new products to launch in the coming months.”

Let’s see what the street says about this.

UPDATE: The street isn’t impressed. This live look at their stock shows a 10% drop in after hours trading.

This entry was posted on July 21, 2008 at 3:50 pm and is filed under Commentary with tags Apple. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.