Apple Q3 Results

Philip Michaels, reporting for Macworld:

Apple’s sales hit $35 billion for the third quarter of 2012, up 22 percent from $28.6 billion last year while profits rose 20.5 to $8.8 billion from $7.3 billion. Earnings for the quarter were $9.32 a share, up 20 percent from last year. Reported earnings topped Apple’s forecast, but fell short of Wall Street expectations of $10.35 per share on projected revenue of $37 billion.

Apple sold 17 million iPads during the quarter, the most the company has ever sold during a quarter. The company tallied June quarter records for both Mac and iPhone sales — the latter figure coming even as customers have held off on purchasing a new iPhone in anticipation of a new model coming out later this year.

Not bad.

★ Tuesday, 24 July 2012