Apple Q3 2011 Results All-Time Record: Revenue $28.57 Billion, Profits $7.31 Billion

Jul 19, 2011 - 5 Comments

Apple Q3 2011

Apple has posted some ludicrously huge numbers for their Q3 2011, with quarterly revenue reaching $28.7 billion and a net profit of $7.31 billion, both new records. By comparison, 2010′s Q3 was $15.7 billion in revenue with a profit of $3.25 billion.

Apple’s Q3 2011 Highlights:

  • Revenue increased 82% year over year
  • Profits increased 125% year over year
  • Gross margin was 41.7% compared to 39.1% in the year-ago quarter
  • Retail revenue increased 36% year over year
  • International sales accounted for 62% of the quarters revenue
    • Americas revenue grew 63% year over year
    • Europe revenue grew 71% year over year
    • Japan revenue grew 66% year over year
    • Asia Pacific revenue exploded 247% year over year

Hardware Numbers:

  • iPhones sold: 20.34 million, a 142% increase year over year
  • iPads sold: 9.25 million, a 183% increase year over year
  • Macs sold: 3.95 million, a 14% increase year over year
  • iPods sold: 7.54 million, a 20% decline year over year

Two choice quotes included in Apple’s Third Quarter results, published online, include one from CEO Steve Jobs, and another from CFO Peter Oppenheimer:

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.”

This information comes directly from Apple PR. You can listen live to the Q3 2011 conference call starting at 2PM today at http://www.apple.com/quicktime/qtv/earningsq311.

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Posted by: Matt Chan in News

5 Comments

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  1. xf says:

    Why didn’t I buy tons of AAPL when it was down earlier this month again?

  2. [...] that Mac OS X 10.7 Lion will launch tomorrow, July 20. This was announced today during the Apple Q3 2011 earnings call by Apple CFO Peter [...]

  3. kukhuvud says:

    And I bet that even still, the folks that actually do the work will get token raises/bonuses while the suits get new yachts & private jets.

  4. Kyle says:

    Problem with Tablets is that iPad doesn’t have a true competitor right now. Tablets are selling the same price with nothing new to boast compared to Apple

  5. [...] that Mac OS X 10.7 Lion will launch tomorrow, July 20. This was announced today during the Apple Q3 2011 earnings call by Apple CFO Peter Oppenheimer, and later reaffirmed by COO Tim Cook.” Lion may be [...]

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