In these moments Tim Cook, COO and CFO of Apple presents the financial results for Q3 2011 of the Apple company. During this audio conference, the Apple management will reveal various information regarding the sales of Apple products so far, but also regarding the possible launches that will take place in the future. Here is everything that was presented at the conference:
- All time records for iPhone, iPad, Mac for June;
- Operating margin 9.4 billion. Net income was 7.3 billion and substantial growth for all iPhones, iPads and Macs;
- Quarter details: June record with 3.95M Macs (14% increase from last year Q3). Mac sales were strong in Asia/Pacific – 57% YOY increase in total Mac sales. Healthy Mac growth in both desktops and notebooks;
- OS X Lion will be launched tomorrow;
- Total iPod sales were ahead of expectations. 50% of iPods sales were iPod touch. iPod top selling Mp3 player in most countries that Apple tracks. iTunes had 1.4 billion dollars in revenue;
- Talking about iPhones: 142% year-over-year growth, iPhone available in 228 carriers in 105 countries as of Q3 closing. 5.9 iPhones in channel inventory to support strong new carriers, distribution and demand;
- "We sold every iPad we could make." Ended quarter with iPad distribution in 64 countries. 1.05 million iPads in channel inventory. 200,000 increased;
- Combining iPhone, iPad, and iPod touch, over 220 million cumulative iOS device sales through the end of June quarter;
- The App Store has over 425,000 apps available and over 15 billion downloads to date. Extremely pleased to have reached over $2.5 billion in payments to developers–far ahead of competitors;
- Revenue in stores were $3.5 billion, an increase of 36%. Higher volumes of iPads and Macs. Balance 768,000 Macs, an increase of 13% over last year. 50% to customers who had never owned a Mac before. Opened 4 new stores;
- 327 stores by the end of the quarter. Average revenue per store $10.8 million, an increase of 20%;
- Store traffic very strong. 73.7 million visitors in the June quarter, compared to 60.5 million in the year ago quarter;
- 30 new stores opening in Sept. quarter, including Hong Kong. Bring them to 40 new stores in fiscal 2011;
- Total company gross margin 41.7 percent. Difference because of 3 factors: 1) Stronger mix of iPhones 2) lower commodity cost 3) leverage on higher revenue;
- Cash plus short-term and long-term marketable securities, $76.2 billion;
- Future product transition in September will affect the quarter;
- 115.000 points of sales for iPhones.
