Apples net jumps 90% as iPhone sales surge – Press Release
Posted by: Phat^Trance in iPhone, Press releases
Revenue rises 49% as sales of company’s coveted smartphone more than double on year. In China increased by more than nine times, and overall revenue from the region tripled to nearly $1.3 billion. Sales in Japan and Europe also more than doubled.
Apple’s results for the second quarter ended Mar. 27 don’t include the iPad, which went on sale in early April, but Apple also provided a strong revenue forecast for the current quarter. The company said it expects revenue in the current quarter of $13 billion to $13.4 billion, compared with $9.73 billion a year ago.
Overall, the Cupertino, Calif., company reported a second-quarter profit of $3.07 billion, or $3.33 a share, compared with $1.62 billion, or $1.79 a share, a year earlier.
Apple also sold 2.9 million Macs during the quarter, up 33% from 2.2 million a year earlier, helped by strong demand for both portable and desktop computers.
Roger Kay, an analyst with Endpoint Technologies who tracks the PC market, said Apple is benefiting from the combination of a rebound in consumer spending and investments it’s made in developing its own software, which consumers will pay a premium for.
Mr. Kay estimated that last quarter, the average Apple laptop sold for $1,275 while the average industry price for laptops was less than $600.
Even with higher prices, Apple outgrew the rest of the PC industry in the quarter. Mr. Kay said he expects the pattern to continue over the next year, as sales of the iPad start contributing to Apple revenue.
The iPod business, which has been on the decline in recent years, fell by 1% in the quarter, selling 10.89 million units, but the decline was less than analysts had projected. Apple said sales from its iTunes store hit a record $1.1 billion due to strong demand for music, video and iPhone apps.
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