The results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarterâs revenue.
Apple sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter, in addition to 17.0 million iPads — an 84 percent unit increase over the year-ago quarter.
Apple also shipped 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. iPod sales continued to decline at a rate of 10 percent to 6.8 million units.
âWeâre thrilled with record sales of 17 million iPads in the June quarter,â said Apple chief executive Tim Cook. âWeâve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products weâve got in the pipeline.â
Appleâs Board of Directors also declared Tuesday a cash dividend of $2.65 per share of the Companyâs common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
"Weâre continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,â said Peter Oppenheimer, Appleâs CFO. "Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65."
Apple's results came in below analyst expectations, as most institutional market watchers expected Apple to report sales of nearly 29 million iPhones, according to data collected by Apple 2.0. The miss was even bigger for the more bullish independent analysts, who projected, on average, that Apple would sell more than 31 million iPhones in the quarter.
Apple will provide live streaming of its Q3 2012 financial results conference call beginning at 2:00 p.m. PDT today. AppleInsider will provide full coverage.
78 Comments
26M iPhones which is lower than most of the pessimistic predictions. If the next quarter they sell 20M it will be a success.
A great quarter, but the "analysts" were expecting revenues of $37B. Shares are down 6% in aftermarket trading...
Amazing, you can make 8.8 billion dollars profit...and still lose $28/5% of your stock value after hours.
EDIT: CNBC - Apple Delivers a Big Earnings Miss; Outlook Disappoints ....CLOWNS.
Apple sure is doing great. As usual, AAPL is taking a hit. Apparently, even with the record iOS devices sold, the analysts thought they would sell 1.3 gazillion devices so Apple didn't hit their targets...
pr!cks...
Ouch. Stock is going to start sinking.
But, for me, it will be a tremendous buying opportunity. I hope it goes to $550 (my reservation price).
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PS: I guess it has already started to sink.... missed the earlier posts.