Apple Reports 88 Billion Net Profit For 3rd Quarter

It seems that the recent years have been particularly good for those who own some Apple stock. The tech company only seems to profit more and more year in and year out. And in the recent 3rd Quarter fiscal report, the company from Cupertino has amassed quite a hefty $ 8.8 billion in net profits.

According to its recent financial report, the company has posted a quarterly revenue total of $ 35 billion. Take away the quarterly expenses and other costs, that leaves the maker of the iPad $ 8.8 billion richer. It was considered as an improvement from revenues on the same quarter last year which totaled $ 28.6 billion with a net profit of $ 7.3 billion. Around 62 percent of that revenue came from international sales.

For the 3rd quarter, Apple also announced that it was able to sell 26 million iPhones, 17 million iPads and 4 million Macs. All these products enjoyed increased sales by number as compared to the same quarter last year. The only sales decline for its product line fell on the iPod which only sold 6.8 million units during the quarter, a 10 percent decline from sales on the same quarter last year.

And because of the recent profits reached, the Apple Board of Directors has announced a cash dividend for common stocks at $ 2.65 a share. Riches need to be shared and Apple is doing its part, most especially for its own people and stockholders. And with the next quarter being eyed as a good one, expect the company to still continue growing its business to new heights and for improved profits as well. And for those who own Apple stock, it certainly is quite a promising year indeed.
Technology News – GuideTo.Com

Tags: , , , ,