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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
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iPhone sales double, iPad disappoints, as Apple profit goes through the roof


More record numbers.

NBR staff
Thu, 21 Apr 2011

Apple has just filed its latest quarterly result, for the three months to March 26.

Again, some of the numbers are staggering.

The company's iPhone global sales doubled against the year-ago quarter, to 18.65 million, helped by the appointment of a second carrier (Verizon) in the US.

Boosted by the release of the iPad 2 late in the quarter, Apple sold 4.69 million iPads.

And the "halo effect" of all those iPhone and tablet sales helped sales of laptops in the company's MacBook line jump 53%.

The 'bad' news?
Sales of Mac desktops fell 12% to 1 million.

And iPod sales dived 17% to 9.02 million.

But with desktop buyers turning to the higher-profit MacBook, and iPod buyers to the more expensive iPhone, it's a change Apple can live with.

The bottom line
Apple's net profit after tax for the quarter rose 95% to a record $US5.99 billion from $US3.07 billion in the year-ago quarter.

Revenue jumped 83% to a record $US24.67 billion from $13.5 billion in the year-ago quarter.

Both figures were above analysts' expectations, and Apple shares climed in after hours trading.

Analysts only disappointment was with the 4.69 million iPad sales. The consensus estimate had been 6.2 million, not achieved as the tablet was beset by shortages over the quarter, some of which commentators pinned on the Japan quake (Apple itself, which keeps the sources of some components secret, made no comment on the impact of the disaster).

Intel, United Technologies and IBM also reported strong results today, lifting Wall Street to near a three-year high. See Nevil Gibson's market wrap for more.

NBR staff
Thu, 21 Apr 2011
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iPhone sales double, iPad disappoints, as Apple profit goes through the roof
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