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Apple makes a killing, or $7.31 billion a quarter

     
9:28 pm on Jul 19, 2011 (gmt 0)

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[cbsnews.com...]

(CBS News)

Apple more than doubled its earnings in its fiscal third quarter on the strength of triple-digit sales of its iPhone and iPad product lines.

The company, which posted its numbers after the close of trading on Wall Street Tuesday afternoon, earned $7.31 billion, or $7.79 per diluted share, on revenues of $28.6 billion. That's up sharply from a year ago during the same period when Apple earned $3.3 billion, or or $3.51 per share, on $15.7 billion in sales.

Apple also said that its gross profit margins climbed to 41.7 percent compared to 39.1 percent in the year-ago quarter.
11:31 pm on July 19, 2011 (gmt 0)

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they are really good at selling $20 worth of parts for $1,000....they better be posting some profits!
11:37 pm on July 19, 2011 (gmt 0)

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I'm hooked on Apple. Not really a fan boy but I like and buy their stuff. Wait, maybe that does make me a fanboy :-)

I've got an iPhone, iMac, iPad, and Time Capsule. I'm just waiting to scoop up a newer iPhone when it comes out, and another Mac to replace the garbage Windoze laptop in our house. It just crashes, freezes, etc. It's time for another Mac :-)
11:49 am on July 21, 2011 (gmt 0)

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Yup, ripping off their customers will surely get them 7 billion a quarter. People say with that huge price, you get best quality. But I only own 1 product of Apple, that is iPhone, which is currently broken and resting in my drawer. On the other hand, HTC is working fine. So I conclude that Apple is just a couture brand, You get flashy looks and something to brag about, nothing else.
FYI, I am not a fan of any brand, I appreciate what works best and won't break down on me.
4:08 pm on July 21, 2011 (gmt 0)

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Apple makes catchy gadgets. When they no longer make the coolest gadget their profit will disappear. I am also curious to see what will happen when Steve Jobs passes away.
6:06 pm on July 21, 2011 (gmt 0)

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Apple makes catchy gadgets. When they no longer make the coolest gadget their profit will disappear. I am also curious to see what will happen when Steve Jobs passes away.
Ding Ding Ding!
it will the mother of all crashes. It will still be valuable but no where near $400 billion.

On edit: it would nice if AAPL, MSFT and other tech companies created a few more jobs in the good ol' USA. Use some of that cash to do good
12:53 pm on July 25, 2011 (gmt 0)

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Jobs disapearing from Apple as the front man is work in progress, but not sure who will replace him. Goes to show that every company needs some sort of leader, loved or hated, but a leader. Customers and share holders also like that.

Apple got enough cash too pumpout new gadgets and inovate more. They are historically careful with what they bring to the market, especially after some unsuccessful products - this is why they started with iPods, then iPhones, iPads and then cloud services.