Apple’s Doing Alright

I didn’t listen to Apple’s third quarter results, because a) I’m not an investor and b) I have a life. But I can read press releases as well as any other third grader, so here’s the highlights in Apple’s PR speak:

Apple sold 3.47 million Macs during the quarter, representing a new quarterly record and a 33 percent unit increase over the year-ago quarter. The Company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the year-ago quarter. Apple sold 9.41 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter. The Company began selling iPads during the quarter, with total sales of 3.27 million.

Really though, it can be summed up in these two sentences:

“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44”

Holy crap that’s a lot of money. We knew that Apple was sitting on a ton of cash, but now we know that they’re projecting even more money in the coffer in the coming months. That, no matter how you slice it, is impressive.

No comments yet. Leave one below!

Speak Your Mind

*