Apple Posts Strong Q3 on iSales
Apple Inc. (Nasdaq: AAPL) reported a gain of $7.31 billion for the third quarter thanks to its mobile device sales. The company sold 20.34 million iPhones and 9.25 million iPads in the quarter, representing 142 percent and 183 percent year-on-year growth, respectively. (See Apple Reports Q3.)
The Cupertino software powerhouse gained $7.79 a share on revenues of $28.57 billion. A year earlier it reported a profit of $3.25 billion or $3.51 a share on revenues of $ 15.7 billion.
Analysts polled by Thomson Reuters expected a profit of $5.84 on revenue of $24.9 billion.
Shares of Apple are up $3.05 (.82%) to $376.85 in after-market trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile
The Cupertino software powerhouse gained $7.79 a share on revenues of $28.57 billion. A year earlier it reported a profit of $3.25 billion or $3.51 a share on revenues of $ 15.7 billion.
Analysts polled by Thomson Reuters expected a profit of $5.84 on revenue of $24.9 billion.
Shares of Apple are up $3.05 (.82%) to $376.85 in after-market trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile
Rush21120
12/5/2012 | 4:58:32 PM
re: Apple Posts Strong Q3 on iSales
Apple has always amazed me with their niche products and messaging. That being said I question how Apple tops it. With only speed increases (IP5), improvement in pictures, tapped out market (Vrz, etc.) how will Apple improve sales. not that the sales aren't great - just where do you go from here. I guess we'll have to wait and see.
I know every quarter should best the one before, or the company isn't doing its job, but wow! This is a big, record-breaking quarter for Apple.