Apple to announce Q4 2011 financial results on October 18th

Apple has updated its investor page with the news that it will hold its Q4 2011 financial results on October 18th. The earnings announcement will beaccompaniedby a conference call beginning at 2:00PM PST/5:00 PM EST.

Screen shot 2011 09 26 at 1.45.48 PM 520x386 Apple to announce Q4 2011 financial results on October 18th

Apple reported gangbuster earningsin Q3, surpassing industry estimates.

Apple sold a massive 20.34M iPhones in Q3, up 142% year over year, and 9.25M iPads, bringing iPad sales up 183% year over year as well. Apple sold 3.95 million Macs during the quarter, bringing sales up 14% when compared to the same quarter a year ago.

Apples revenue was up from Q2 and blew away Wall Street estimates.Thomspon Reuters estimates of Apples Q3 had placed overall revenue at $24.9B, with earnings of $5.80/share, while Moskowitz called for sales of $27.42B with earnings of $6.58.

The only product sales to go down were iPods, of which Apple sold 7.54M, which is down 20% from the year ago quarter.

Q3 2011 was the best non-holiday Mac quarter as well as the best iPad and iPhone sales quarter in Apples history. You can find the Apple earnings releasehere.


Comments

Post a Comment

Popular posts from this blog

Indian e-commerce website Flipkart adds prepaid Wallet feature

Image
Flipkart has added a prepaid Wallet feature to its e-commerce platform that allows shoppers to store money on the site and use it to purchase items, without having to reach for their credit card for each transaction, according to a MediaNama report . Flipkart, the first billion dollar Internet company from India, is by far the leading online store in the nation.Founded by former Amazon employees Sachin and Binny Bansal in 2007, it expects to increase its sales tenfold in the ongoing fiscal year to about $100 million by March 2012. It already offers shoppers the convenience of Cash on Delivery (CoD), using whichfor a small feethe shopper can choose to pay for purchases in cash when they have been delivered to their doorstep. This is in addition to the usual credit and debit card and net banking options that the service also offers to online shoppers. The newly launched Wallet aims to make online payments easier and more secure for customers by sparing them the hassle of fetching thei...
Keep reading

Samsung ordered to compensate Huawei $11.6 million for patent infringement

Image
China court orders Samsung units to pay $11.6 million to Huawei over patent case A Chinese court has ordered Samsung Electronics's ( 005930.KS ) mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [HWT.UL] for patent infringement, the China firm's first victory against Samsung on its legal challenges over intellectual property. Three units of Samsung have been ordered by the Quanzhou Intermediary Court to pay the sum for infringing a patent held by Huawei Device Co Limited, the handset unit of Huawei, the Quanzhou Evening News, a government-run newspaper, said on its website on Thursday. The verdict is the first on several lawsuits of Huawei against the South Korean technology giant. Huawei filed lawsuits against Samsung in May in courts in China and the United States - the first by it against Samsung - claiming infringements of smartphone patents. Samsung subsequently countersued Huawei in China for IP infringement. A spokesman for...
Keep reading

12 startup founders discuss working on Christmas Day

Image
Well, it would seem a trifle rude to not begin proceedings with a warm Merry Christmas. But I must askwhat the hell are you doing reading this when you should be playing your new Nintendo 3DS, or guzzling that tenth mince pie of the day? But then, you will probably ask what the hell am I doing here writing this piece on the holiest of holy-days. My excuse? I love what I do, so its not like Im really working per seplus, I actually prepped much of it yesterday. And your excuse is likely along the lines of I love all things tech, why would I switch off just because my calendar says December 25? Fair point. Confucius once said: Choose a job you love, and you will never have to work a day in your life. Nice sentiments for sure, but theres still the issue of a healthy work/life balance to contend with even for startup founders. So I asked a handful of founders and CEOs whether they would be working on Christmas Day this year, or whether theyd treat themselves to a day off. I mean, it is a...
Keep reading