Apple reveals Q3 2012 earnings: Net profit of $8.8 billion, $35 billion in revenues
Apple just announced its quarter 3 earnings for 2012 and the numbers appear to be slightly lower than the $37.4 billion expected by analysts. The Cupertino based company has reported quarterly net profits of $8.8billion which comes down to earnings of $9.32 per share.
Revenues are pegged at $35 billion with gross margins of 42.8%. High volumes of international sales were responsible for 62% of the quarter’s revenues. The company will be issuing a dividend of $2.65 per share of common stock. According to exec Peter Oppenheimer, Apple expects its Q4 revenues to be around $34 billion with diluted earnings of about $7.65.