Feeds

Apple annihilates Wall Street performance estimates

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

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.