Apples Q3 figures break records

Apple announced their earnings for the third fiscal quarter yesterday and once again, they have surprised analysts, surpassing even Wall Street's estimates.

Dan Gallagher reporting for Marketwatch said: “Shares of Apple rose nearly 2% in after-hours trading, after jumping nearly 2.6% to close at $251.89 late in the regular session. For the quarter ended June 27, the company reported earnings of $3.25 billion, or $3.51 per share, compared with earnings of $1.83 billion, or $2.01 per share, for the same period the previous year. Revenue jumped 61% to $15.7 billion.”

He went on to say “Analysts were expecting earnings of $3.11 per share on revenue of $14.75 billion, according to consensus forecasts from Thomson Reuters, Apple sold 3.27 million iPads for the period — roughly in line with the units predicted by analysts. Mac sales totaled 3.47 million units compared with expectations for 3.2 million units.”

Apple expect Q4 revenue to reach around $18 billion with earnings or $3.44 per share.

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