Apple has just posted their Q3 2012 financial results for the quarter ending on July 24, 2012. The company posted revenue of $35 billion, with 17 million iPads, 26 million iPhones and 4 million Macs sold. iPhone represented a 28 percent unit growth over the year-ago quarter, while iPad reported a 84 percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter. The company posted quarterly net profit of $8.8 billion, or $9.32 per diluted share. International sales accounted for 62 percent of the quarter’s revenue.
For Q2 2012, Apple posted revenue of $39.2 billion, with 11.8 million iPads, 35.1 million iPhones and 4 million Macs sold. Apple’s iPad represented a 151 percent unit growth over the year-ago quarter, while iPhone reported a 88 percent unit increase over the year-ago quarter. 7.7 million iPods sold, a 15 percent unit decline from the year-ago quarter. The company posted quarterly net profit of $11.6 billion, or $12.30 per diluted share. In the year-ago-quarter, Q3 2011, Apple posted revenue of $28.57 billion, with 9.25 million iPads, 20.34 million iPhones and 3.95 million Macs sold.
Expectations
On July 24th, Philip Elmer-Dewitt published a forecast chart tracking predictions from 63 analysts, half working for banks or brokerage firms, and half independent whom follow Apple for fun or personal profit. Professional analysts expected $10.33 per share and revenue of $37 billion, while independent analysts expected $12.31 per share and revenue of $41.5 billion.
Apple CFO Peter Oppenheimer, quoted from Apple’s Financial Results for Q3 2012:
Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.
Apple will provide a live audio feed of its Q3 2012 conference call at 2:00 PM PST, and we’ll update this story with conference highlights. The full press release is embedded after the break.
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