Apple Reports Record Revenue for June Quarter, Record Mac Sales

| Apple Stock Watch

Apple reported record revenue for the June quarter Tuesday of US$15.7 billion, with earnings of $3.25 billion and earnings per share of $3.51. Those results were helped in part by record Mac unit sales of 3.47 million, as well as 8.4 million iPhones, 9.41 million iPods, and 3.27 million iPads.

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” Apple CEO Steve Jobs said in a statement. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

Apple CFO Peter Oppenheimer added that the company generated more than $4 billion in cash during the quarter. More importantly to analysts and investors, he guided the September quarter aggressively, saying he expected Apple to report revenue of $18 billion and EPS of $3.44 for the current quarter.

That would represent another record quarter, and Apple has a reputation for guiding very conservatively.

iPhone sales grew 61% over the year-ago quarter, iPod unit sales decreased 8%, and Mac sales grew 33% year-over-year. iPad was introduced during the quarter.

Shares in Apple closed higher Monday at $251.89, up $6.31 (+2.57%), on strong volume of 36.9 million shares trading hands. The stock is also trading even higher in after-hours trading, currently at $258.55, up 6.66 (+2.64%).

Apple will host its quarter conference call with analysts at 5:00 PM Eastern (2:00 PM Pacific).

*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.  

Comments

Tiger

Timing is everything, huh? Bad press last week. This week? Vroom!

Lee Dronick

Timing is everything, huh? Bad press last week. This week? Vroom!

The press was covering a much more important story today, Lindsay Lohan reporting to jail.

Tiger

Felony loves company….

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