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Apple posts $35 billion in Q3 2012 revenue

updated 04:36 pm EDT, Tue July 24, 2012

26 million iPhones, 17 million iPads

Apple has announced the results of its third fiscal quarter, which ended on June 30th. Revenue increased 23 percent year-over-year to $35 billion, generating a net income of $8.8 billion, or $9.32 per share; in Q3 2011, by contrast, Apple reported $7.3 billion in income, rated at $7.79 per share. The increase might nevertheless be a disappointment to analysts, since the consensus forecast was $37.2 billion in revenue with EPS of $10.35.

Apple saw a gross margin of 42.8 percent during the recent quarter, up from 41.7 percent. International sales represented 62 percent of revenue.

The company shipped 26 million iPhones and 17 million iPads, while Mac numbers amounted to 4 million. iPods came in at 6.8 million. Looking ahead to the fourth quarter, the company is offering guidance of $34 billion in revenue and $7.65 in EPS. As a part of its previously-announced dividend plan, the Apple board of directors has declared a dividend of $2.65 per share, payable on August 16th to anyone owning shares at the close of business on August 13th.



By Electronista Staff
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  1. SockRolid

    Forum Regular

    Joined: 01-21-10

    Apple's most recent quarter: $35 billion revenue, $8.8 billion net income.

    Microsoft's most recent quarter: $18.06 billion revenue, $0.19 billion net income (including one-time $6.2 billion write-down.)

    Just imagine how much Microsoft would have been in the red if they had blown $50 billion buying Yahoo.

  1. Zanziboy

    Forum Regular

    Joined: 08-27-08

    Wow! Everybody ignored Apple's guidance for this quarter! The figures actually beat Apple's estimate. Considering the late introduction of the iPad into China, news of an upcoming iPhone and iPad, as well as slow production ramping on the Rerina MacBook, I am quite pleased with the results. This is a good time to buy into the stock for Q4 and Q1. Apple's next 2 quarters look positive with iOS 6, Mountain Lion, the new iPhone, iMac, iPad mini, and 13"(and perhaps 17") MacBook with Retina display. Nedless to say there may be a few more surprise introductions along the way.

  1. testudo

    Forum Regular

    Joined: 08-06-01

    Originally Posted by ZanziboyView Post

    Wow! Everybody ignored Apple's guidance for this quarter! The figures actually beat Apple's estimate.



    Um, no one pays any attention to a company's "guidance". Guidance is just a fancy term for "We need to tell you something, so we're going to be ultra-conservative and say "X". This way, we'll be least likely to get sued by investors for over-promising or anything."

    And, BTW, this applies to EVERY company, not just Apple (because some people will of course think analysts are yet again singling out Apple on this or something).

    The fact that they missed wall street's public estimates (not even counting the 'whisper numbers' which are generally higher) is a sign that something didn't go as Apple expected.

  1. testudo

    Forum Regular

    Joined: 08-06-01

    Originally Posted by ZanziboyView Post

    Apple's next 2 quarters look positive with iOS 6, Mountain Lion, the new iPhone, iMac, iPad mini, and 13"(and perhaps 17") MacBook with Retina display. Nedless to say there may be a few more surprise introductions along the way.



    Unless you're in the group that hates Lion and sees ML as even worse. A new iMac will do little for Apple's bottom line. Unlike the iPhone, where Apple blamed lack of sales on new iPhone rumors, no one's talking about new imacs, and very few are holding off for such a thing (since it is doubtful a new imac will blow the sock off someone looking at the old one.

    As for the iPad mini more MacBooks with Retina Displays, you could also be in for a few surprises if Apple doesn't release those.

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