Skip to main content

Apple Has One of Best Quarters Ever

Apple stock holders should be happy campers right now. Just released numbers regarding third quarter earnings reveal the scrappy Silicon Valley company to have what Steve Jobs says is one of their best quarters ever.

Specifically, according to a company press release, the company posted a quarterly net profit of $320 million and revenue of $3.52 billion. This compares to a profit of $61 million and revenue of $2.01 billion this same time last year. The jump represents revenue growth of 75 percent and net profit growth of 425 percent.

The company also said they had shipped approximately 1.18 million Macs and more than 6.1 million iPods during the quarter. These numbers, compared to this same time last year, represent a 35 percent growth for the former and a staggering 616 percent growth for the latter.

“We are delighted to report Apple’s best quarter ever in both revenue and earnings,” said Steve Jobs, Apple’s CEO. “The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline.”

Editors' Recommendations

Digital Trends Staff
Digital Trends has a simple mission: to help readers easily understand how tech affects the way they live. We are your…
Here’s what we know about the massive Mac launches Apple has planned for 2023
The Apple MacBook Pro 14 laptop propped up at an angle on a desk.

If you’re a Mac fan, 2022 might have left you a little disappointed. That’s because Apple’s Mac roster was surprisingly light last year, with far fewer Macs released than we expected. The good news is that means we should get plenty more Macs in 2023, starting with the Spring event coming up soon. But what exactly can we hope to see?

In this guide, we’ve rounded up every Mac we expect Apple will launch in 2023. From desktop powerhouses to thin and light laptops, there could be something for everyone over the next 12 months.
Apple silicon Mac Pro

Read more
The two-year transition to Apple Silicon has been left incomplete
Two photos comparing the lineup of Apple's Macs.

"About two years."

Those were the exact words used by Tim Cook at WWDC 2020 when describing the monumental effort of transitioning its entire line of Macs from Intel to Apple Silicon. A two-year transition seemed extremely ambitious at the time. ARM-based computers, outside of the world of mobile devices, were largely unproven up to this point.

Read more
Apple quietly launches unprecedented price cuts to its best MacBook Pros
The back lid of the MacBook Pro.

Apple's top of the line MacBook Pro 16-inch and 14-inch models are some of the best laptops the company has ever made -- but they're extremely expensive machines that rarely come down in price.

However, Apple has quietly dropped the price on these sought-after laptops with some surprising price cuts.

Read more