Apple earnings round-up: Profit and revenue explode

Apple earnings round-up: Profit and revenue explode
Apple reported its latest quarterly earnings and both revenue and profit soared year-over-year (YoY).

Revenue grew 83 percent to $24.7 billion, and profit jumped 95 percent to $6 billion.



The iPhone was, by far, the biggest revenue driver, with sales jumping to 18.6 million, over 100 percent growth YoY.

iPad sales, on the other hand, sputtered, falling well below analyst expectations at 4.7 million units sold.

Worries of the Japanese tsunami disaster affecting the top or bottom line were quickly assuaged, with COO Tim Cook saying revenue would drop just $200 million and that the supply chain is still intact, with no delays.

When speaking of iPad 2 sales, Cook said the demand was "staggering" and that the company "sold every one that we could make."

As expected, iPod sales fell for the 10th straight quarter, down to 9 million, or down 17 percent YoY.

Written by: Andre Yoskowitz @ 21 Apr 2011 18:17
Tags
Apple iPad iPhone Earnings Quarterly
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  • 1 comment
  • bobiroc

    Hey when you can sucker a bunch of people into buying an overpriced iGadget every year with a new model that is slightly better than the previous one what do you expect.

    AMD Phenom II 965 @ 3.67Ghz, 8GB DDR3, ATI Radeon 5770HD, 300GB 10,000RPM Raptor, 2TB Additional HDD, Windows 7 Ultimate.

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    21.4.2011 20:00 #1

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