Apple Revealed Q3 2012 Earnings Results, App Store Crosses 650,000 Apps


Yesterday, Apple has announced Q3 2012 earnings numbers which are slightly lower that the expected by analysts. Analysts has predicted Apple’s earning to cross the $37.4 billion while Apple has announced $35 billion with gross margins of 42.8%.

Apple has also reported the net profit of $8.8 billion or $9.32 per diluted share. Apple has also reported that it sold 26 million iPhones in the most recent quarter, up from 20.34 million in the year-earlier quarter. This number represents 28 percent unit growth over the year-ago quarter. Apple sold more than 17 million iPads during this quarter which shows more than 84% growth in iPad sale. Apple sold 6.8 million million iPods during the quarter, beating the estimate of 6.6 million units, but Mac sales were light at 4 million compared to the estimate of 4.3 million.

According to exec Peter Oppenheimer, Apple expects its Q4 revenues to be around $34 billion with diluted earnings of about $7.65.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

As a part of earnings call, Apple also announced that its app store has more than 650,000 iOS apps. It also specified that more than 250,000 apps are optimized to work fine on ipad. More interesting is the fact that Apple has paid out $5.5 billion to developers which is a massive jump over the $4 billion reported in April.

Few months back, Apple has also announced Facebook integration on iOS 6. So we can expect growth of apps in the app store.

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