Forum Moderators: travelin cat
Apple® today announced financial results for its fiscal 2009 third quarter ended June 27, 2009. The Company posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share. These results compare to revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share, in the year-ago quarter. Gross margin was 36.3 percent, up from 34.8 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.
It's interesting to note they sold
Any company selling top of the line models only in a supposedly declining market and increasing both revenue, profit and also gross margin is a big achievement.
Esp. in the light of those stockholder panic from Steve Jobs being ill, this was without Steve Jobs at the helm and they did well.
And their stock went down today.
Another case of buy on rumor, sell on news.
