Apple reported another monster quarter yesterday as iPhone and iPad sales blew away estimates.
Steve Jobs said, “We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent.”
The highlights of Apple’s Q3 2011 report in summary:
Revenue: $28.57 billion vs. $24.72 billion Street consensus
EPS: $7.79 vs. $5.71 Street consensus
iPhone shipments: 20.3 million vs. 16.5 million Street consensus
iPad shipments: 9.25 million vs. 7.8 million Street consensus
Mac shipments: 3.95 million vs. 4.2 million Street consensus
iPod shipments 7.54 million vs. 8.4 million Street consensus
Revenue guidance: $25 billion vs. $27.69 billion Street consensus
EPS guidance $5.50 vs. $6.36 Street consensus
In January, the iPad had a market share equal to 7% of the PC market. Now, it’s at 11%. The iPad has been on sale a little more than a year ago. This quarter, Apple sold 9.25 million of them. That’s up 142% from last year. As a shareholder in Swedish app developer G5 Entertainment I am thrilled to see these numbers . More devices out there mean more potential customers for G5. People want games on their smartpones/tablets and G5 is developing and publishing high quality casual games that are selling well across the world. As G5 is also massively ramping up its own pipeline of games it becomes a double-whammy: increasing base + increasing product offering.