It's hard to believe its been just three months since we were here last, but it's true. It's already earnings season again and, in the feast of financial conference calls, Apple is an entree. Not surprisingly, Cupertino was raking in the big bucks yet again, but it wasn't quite the windfall of revenue the company has seen in the past. All told the company pulled in $35 billion in revenue, pocketing $8.8 billion of that as pure profit, a record for both in Q3. But, just cause it wasn't quite as lucrative a quarter doesn't mean the boys in Cupertino aren't happy with the results. Profits were up $1.5 billion from Q3 of 2011, once again allowing the company to declare yet another cash dividend for its share holders. During the last three months the company shipped 17 million iPads, an 84 percent increase over the same quarter last year -- a simply staggering number. And don't think that its other premier gadget has plateaued. 26 million iPhones were also sold, representing a 28 percent increase year-over-year. Interestingly, Mac sales slowed, increasing just two percent over last year, largely thanks to a 13 percent drop off in desktop sales.
The biggest money maker for the company continues to be the iPhone and its related products and services, however. More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family. The iPad is quickly closing the gap, netting Apple over $9 billion in this quarter alone. As a percentage of revenue, the iPod continued to decline, marking the slow death of the once flagship product line.
While revenues were down sequentially, it's the year-over-year numbers that tell the real story and that explain why, for the second quarter in a row, Apple is able to award its investors a $2.65 per-share dividend. Revenue was up $9.5 billion from Q3 of 2011 and net income by $1.5 billion, as the company has continued to increase its market share and open up to niches to itself. For the next quarter Apple actually expects a small drop in both revenue and earnings per-share, but not enough that we expect Wall Street types to start yelling, "sell, sell, sell!"
Continue reading Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend
Filed under: Cellphones, Desktops, Laptops, Tablet PCs
Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend originally appeared on Engadget on Tue, 24 Jul 2012 16:30:00 EDT. Please see our terms for use of feeds.
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