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Apple posts Q3 earnings, confirms launch of Mountain Lion on the 25th

Apple’s Q3 earnings reveal net profit of $8.8 billion while iPads sell in record numbers

In a statement released to the public, Apple unveiled their earnings for the 3rd quarter of 2012, showing profits across the board backed mainly by record iPad sales.

The earnings report for the company revealed quarterly revenue of $35 billion, as well as a net profit of $8.8 billion for the period between April 1st and June 30th. While the profits totaled $9.32 per share, they came below analyst’s expectations as earnings of $10.37 per share had been predicted. In any case, the numbers are up from the $28.57 billion at this point last year, and were aided by international sales that accounted for 62% of the quarter’s revenue.

Apple’s CEO, Tim Cook, also announced that there had been record iPad sales, with a total of 17 million devices being sold between the new iPad and the older iPad 2. MacBook sales weren’t as explosive, with only a 2% increase over the past year, but Cook did announce that Mountain Lion would be released on the 25th of June.  

Mountain Lion, the next version of OS X, is expected to improve integration with other Apple products by providing features such as a native iMessage client, improved iCloud integration as well as tweaks to the Mail app. Apple is offering the upgrade free for users that purchased their MacBooks after the 11th of June, but other users will have to pay $20 in the App Store.


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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2012 07 > Apple posts Q3 earnings, confirms launch of Mountain Lion on the 25th
Omar Qudsi, 2012-07-25 (Update: 2012-07-25)