Apple's Profit Jumps 78%, iDevices sell beyond expectations.

arta · Jul 21, 2010

http://online.wsj.com/article/SB10001424052748703724104575379473713612064.html?mod=WSJ_Tech_LEADTop

Apple Inc.'s quarterly profit surged 78%, as the company booked strong initial sales of its iPad tablet computer and the latest version of its smartphone, the iPhone 4.

The company also issued a strong forecast for the current quarter, allaying immediate concerns that the iPhone 4's high-profile antenna problems might slow Apple's sales. Apple's revenue in the quarter ended June 26 rose 61% to $15.7 billion.

Apple's quarterly profit jumped 78%, thanks to continued strong demand for its gadgets. It sold 3.3 million iPads and 8.4 million iPhones in the quarter. Sameer Bhatia and Rex Crum analyze the numbers with Simon Constable & Lauren Goode.
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Apple's Mac business

3.47 million Macs, exceeding record by over 100,000. Represents 33 percent year over year growth.

Double-digit Mac growth in each geography. No supply issues in the last quarter.

Apple's iPhone business

iPhone had an average selling price of $595.

Over 5 billion apps downloaded from the App Store.

Strong growth in Asia, Europe and Japan.

Surpassed sales of 100 million iOS devices in the quarter

Will defer about $175 million to buy cases. Cost will be recognized upon delivery to customers.
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Booch138 · Jul 21, 2010

Yeah my APPL stock in iTrade skyrocketed. *thumbs up*

Apple's Profit Jumps 78%, iDevices sell beyond expectations.

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Apple's Profit Jumps 78%, iDevices sell beyond expectations.

arta Well-Known Member

Booch138 Well-Known Member

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