Tuesday, July 19, 2011
This Just In: Apple Earned a LOT of Money
Posted by Jeff Campbell in "Apple News" @ 03:06 PM
"Apple just reported the kind of mammoth earnings that most companies only dream of in these dreary economic days: $28.57 billion of revenue resulting in $7.31 billion earnings, profits that were more than double a year ago. Yowza."
Yowza indeed. Double the profits from the same time period last year. Record revenue of $28.7 billion. Record net profit of $7.31 billion. While not a record, the gross margin was up 2% from last year. Mac sales up 14% and 9.25 million iPads (183% growth) were sold to go along with the 20.34 million iPhones (142% growth) over the last three months. It appears the only thing that didn't sell as well or better than same time last year were the iPods, down 20% with 7.54 million devices sold. Can't wait to see what the numbers will be for the school year quarter.