Apple's 15 Percent Quarterly Revenue led by 626 percent iPhone unit growth
On Tuesday, Apple Inc said that its 15 percent jump in third-quarter profit was led by iPhone and Macintosh Computers sales.
The company’s third-quarter iPhone unit sales increased 626 percent, consisting of over 5.2 million iPhones sold. Meanwhile Apple sold 2.6 million Macintosh computers representing 4 percent unit growth compare last year same quarter.
“We’re making our most innovative products ever and our customers are responding,” said Steve Jobs, Apple’s CEO. “We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”
The Company also sold 10.2 million iPods during the quarter a 7 percent declined from year-ago quarter.
Apple reported third quarter revenue of $8.34 billion with a net quarterly profit of $1.23 billion or $1.35 per diluted share compare to last year revenue of $7.46 billion with a net quarterly profit of $1.07 billion or $1.19 per diluted share.
“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion,” said Peter Oppenheimer, Apple’s CFO.
Looking forward, Apple expects to earn revenue in a range of $8.7 billion to $8.9 billion with a net quarterly profit of $1.23 billion or $1.35 per diluted share with diluted earnings per share in the range of about $1.18 to $1.23.
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