Feeds

Apple annihilates Wall Street performance estimates

Third fiscal quarter results 'best quarter ever' (again)

Security for virtualized datacentres

With another fiscal quarter now in the bank, Apple has again embarrassed Wall Street analysts.

The Cupertinian juggernaut posted its financial results for its third fiscal quarter of 2011 on Tuesday, and the numbers were – to understate a wee bit – quite satisfactory.

"We're thrilled to deliver our best quarter ever, with revenue up 82 per cent and profits up 125 per cent,” said CEO Steve Jobs.

The Wall Street moneymen, according to consensus estimates from Thomson Reuters, had expected net income to be up 65 per cent. The money folks had expected revenue of $24.9bn; Apple posted $28.57bn.

The Street was looking for earnings per share of $5.80; Apple posted results of $7.79 per share. During the same quarter last year, earnings per share were about half this most-recent quarter, at $3.51 per share.

Sales of the iPhone were up 142 per cent year-on-year to 20.34 million. Nine and a quarter million iPads were sold, a 183 per cent increase over the year-ago quarter – the iPad shipped on April 4, 2010, about one month into that quarter.

Mac sales were up, as well, though not nearly so spectacularly: Apple sold 3.95 million Macs in the quarter, a 14 per cent increase. As expected, iPods continued their steady decline, dropping 20 per cent to 7.54 million.

Apple may be playing rope-a-dope with its estimates for the next quarter. "Looking ahead to the fourth fiscal quarter of 2011," said CFO Peter Oppenheimer, "we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50." According to MarketWatch, analysts are expecting higher projections: revenue of $27.7bn and earnings of $6.42 per share.

We'll see. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.