Apple reports $3.25 billion profit on strong iPhone, Mac sales

Apple on Tuesday reported a $3.25 billion profit for its fiscal third quarter of 2010 on record revenue of $15.7 billion. These results compare to revenue of $9.73 of revenue and a $1.83 billion profit in the year-ago quarter.

Apple set a new quarterly record for Mac sales, selling 3.47 million units in the quarter. That represents a 33 percent unit increase over the year-ago quarter, the company said. Apple also sold 8.4 million iPhones in the quarter, which is a 61 percent gain over last year’s third quarter.

Apple shipped 3.27 million iPads for the quarter and 9.41 million iPods. iPod shipments are down eight percent over the same period last year.

Looking ahead, Apple CFO Peter Oppenheimer said the company expects about revenue of about $18 billion in the fourth fiscal quarter.

http://the-reviewer.com TheReviewer

People will buy anything with a name these days.
http://theuniversalsteve.com SSteve

The 33 percent unit increase is astonishing. It kinda flies in the face of the cries of “overpriced hardware.” I think it goes way beyond “people will buy anything with a name these days.” It would be nice if it meant the general population is getting a better understanding of the value of quality but I’m not that optimistic.