Apple Earnings Soar on iPhone, Mac Strength
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The numbers show sizable increases in sales for almost every one of Apple's major products while also offering some evidence that despite booming sales, the iPad hasn't really put a damper on the Mac. In fact, Apple's only weak point may be in sales of the ultra-popular iPod, which continue a slump widely seen as an effect of its reaching market saturation. Datamation takes a look.
Apple (NASDAQ: AAPL) once again exceeded all analyst projections to report record sales and earnings on the strength of all of its products except the iPod.
For its third fiscal quarter ended June 26, Apple reported revenue of $15.7 billion and net income of $3.25 billion, or $3.51 per diluted share. The numbers flattened a consensus estimate by analysts surveyed by Thomson Reuters, who had projected per-share earnings of $3.11 on revenue of $14.75 billion.