Apple Reports Results for Q3 2012: $8.8 Billion Profit on $35 Billion in Revenue

Apple today announced financial results for the second calendar quarter and third fiscal quarter of 2012. For the quarter, Apple posted revenue of $35.0 billion and net quarterly profit of $8.8 billion, or $9.32 per diluted share, compared to revenue of $28.57 billion and net quarterly profit of $7.31 billion, or $7.79 per diluted share, in the year-ago quarter.

This will be considered a big "miss" for Apple, as it is dramatically weaker than what analysts were expecting. The company did beat its own guidance, however. Last quarter, Apple said it would make $34 billion in revenue and earnings of $8.67 per share.

Gross margin was 42.8 percent, compared to 41.7 percent in the year-ago quarter, and international sales accounted for 62 percent of the quarter's revenue. Apple's quarterly profit and revenue were both company records for the June quarter. Apple also declared a new quarterly dividend of $2.65 per share payable on August 16 to shareholders as of the close of trading on August 13.


Quarterly iPhone unit sales reached 26.0 million, up 28 percent from the year-ago quarter, and the company sold 17.0 million iPads, up 84 percent year-over-year. Apple sold 4.0 million Macintosh computers, a unit increase of 2 percent over the year-ago quarter. The company also sold 6.8 million iPods, representing a 10 percent unit decline year-over-year.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

Apple's guidance for the fourth quarter of fiscal 2012 includes expected revenue of $34 billion and earnings per diluted share of $7.65.


Apple will provide live streaming of its Q3 2012 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

[Source: MacRumors]

Another Report that the Next iPhone is Already in Production in China

Digitimes seemingly confirms a previous report that the next generation iPhone has already started production in China.

Pegatron has begun production of a new version of the Apple iPhone at its factory in Shanghai, eastern China, according to industry sources in Taiwan.

The newspaper cites "industry sources" for the knowledge.

Earlier this month, Japanese blog Macotakara first reported that the next generation iPhone had already gone into production. These reports do somewhat conflict with a BGR report that the next generation iPhone is still in an engineering verification test. BGR believes that the new iPhone will carry 1GB of RAM as well as both LTE and NFC support. Regardless, it seems there are ongoing signs that the next iPhone is approaching. 

The next generation iPhone will likely launch in the September or October -- approximately one year after the launch of the iPhone 4S.

[Source: MacRumors]