Apple has just now posted its official third quarter results, and the figures as expected go way beyond what even the most bullish of analysts were predicting, with the company posting a record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share in the year-ago quarter. The gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. Apple says that international sales accounted for 62 percent of the quarter?s revenue.
Apple sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter, and 9.25 million iPads in the quarter, a 183 percent unit increase over the year-ago quarter. It also sold 3.95 million Macs in the quarter, which was a 14 percent increase over the year-ago quarter. The number of iPods sold totalled 7.54 million, a 20 percent unit decline from the year-ago quarter.
"We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," said Steve Jobs, Apple’s CEO. "Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall."
"We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year," said Peter Oppenheimer, Apple’s CFO. "Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."
Yesterday Apple announced its revolutionary iCloud service at its WWDC keynote, and today sees the start of the iCloud era, with the release this morning of iTunes 10.3., which is rolling out worldwide right now. MacRumors reports that iTunes 10.3 introduces the iTunes in the Cloud beta, and that a subsequent iTunes update, 10.5, which is due in later in the year, will have full support for iCloud and iOS 5.
As announced by Apple yesterday and predicted by Apple pundits for months, iCloud is a set of cloud services designed to work seamlessly with apps on your iPhone, iPad, iPod touch, Mac or PC, automatically and wirelessly storing your content in iCloud and automatically and wirelessly pushing it to all your devices. When anything changes on one of your devices, all of your devices are wirelessly updated almost instantly.
?Today it is a real hassle and very frustrating to keep all your information and content up-to-date across all your devices,? said Steve Jobs, Apple?s CEO. ?iCloud keeps your important information and content up to date across all your devices. All of this happens automatically and wirelessly, and because it?s integrated into our apps you don?t even need to think about it?it all just works.?
After downloading iTunes 10.3 today, you?ll find that any music that you buy in iTunes will appear automatically on all your devices, and you?ll also be able to try out several iCloud features right now as part of iTunes in the Cloud beta, including Automatic Downloads and Download Previous Purchases. Automatic Downloads enables you to purchase music from any device or computer and automatically download a copy to your Mac and iOS devices, and Download Previous Purchases enables you to download past iTunes purchases whenever and wherever you want via the new ?Purchased? option in the App Store.
iTunes 10.3 also adds Books to the iTunes store, which, once purchased, can be automatically downloaded to iBooks on your iOS devices.
Source: iTunes 10.3 Now Available for Download – Mac Rumors, Apple
Apple has today published its second quarter financial results, posting record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share. These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter.
Apple reports that it sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter, 18.65 million iPhones, representing 113 percent growth, 9.02 million iPods, representing a 17 percent unit decline, and 4.69 million iPads.
?With quarterly revenue growth of 83 percent and profit growth of 95 percent, we?re firing on all cylinders,? said Steve Jobs, Apple?s CEO. ?We will continue to innovate on all fronts throughout the remainder of the year.?
Apple is currently holding its financial results conference call following the announcement of the results. MacRumors is updating its site with highlights from the conference call, which include the news that Apple sold every iPad 2 that it made in the quarter, which explains the slightly lower than expected iPad sales figures, and that overall the results represent Apple?s best ever non-holiday quarterly revenue.
Source: Apple, Apple Reports Best Non-Holiday Quarter Ever With $5.99 Billion Profit for Q2 2011 – Mac Rumors
At last, Apple has announced the iOS v4.2 will be released today for the iPad, iPhone and iPod Touch! According to MacWorld, Apple will begin the rollout by 10:00 am Pacific Time. This update is HUGE and many of us have been waiting for it since the release of iOS v4 on the iPhone this past summer. In order to upgrade, the iPad must be connected to a computer and within iTunes click on “Check for Update”. Check out the entire press release below and continue the discussion here: http://www.ipadforums.net/ipad-os/13…es-really.html
CUPERTINO, California—November 22, 2010—Apple