Apple has just released its fiscal Q3 2012 earnings, and the Cupertino-based company reported revenues of** $35 billion** (compared to $28.6 billion in the year-ago quarter and $39.2 billion in Q2 2012) and quarterly net profit of** $8.8 billion** (compared to $7.3 billion in the year-ago quarter and $11.6B in Q2 2012). All that breaks down to earnings of $9.32 per diluted share.During the days leading up to the disappointing release, analysts expected to see Apple rake in revenues of about $37.4 billion, with earnings of roughly $10.38 per share. Apple also reported gross margins of 42.8% (compared to the impressive 47.4% figure the company revealed last quarter) and noted that a full 62% of the quarter’s revenues were thanks to international sales.Apple also announced that the company would be issuing a cash dividend of $2.65 per share of common stock.
Re: Apple’s Q3 2012: $35B In Revenue, Net Profit Of $8.8B, Earnings Of $9.32 Per Shar
Thanks GSBot, you are a pal
So why are revenues and net income down sequentially? Do you see this as a one off setback or is it a sign of things to come? Please do share.