SAN FRANCISCO — Apple revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled with help from accelerating demand in Asia.
Apple said Tuesday that its net profit more than doubled to $7.31 billion on unprecedented revenue of $28.57 billion in the quarter ending June 25.
"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," Apple chief executive Steve Jobs said in a release.
"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," he continued.
Apple stock price, which had pumped up in anticipation of stellar earnings results climbed even further, rising more than four percent to $394 a share in after-hours trading.
The Cupertino, California-based company reported that it sold 20.34 million iPhones and 9.25 million iPad tablet computers in sales figures that eclipsed the same quarter last year by 142 percent and 183 percent respectively.
Apple saw the number of Macintosh computers sold climb 14 percent to 3.95 million, while iPod sales slid 20 percent to 7.54 million units.
"We are extremely pleased with our performance," said Apple chief financial officer Peter Oppenheimer.
"Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."
Apple announced that Wednesday it will release the latest version of its Macintosh computer operating system, dubbed Lion, which boasts more than 250 new features including support for touch-screen controls.
Sales of Macintosh were up 14 percent from the year-ago quarter and dramatically outpaced the overall computer industry.
"We do believe that some customers chose to purchase an iPad instead of a new Mac during the quarter, but we think even more customers chose to purchase an iPad over a Windows PC (personal computer)," Apple chief operating officer Tim Cook said during an earnings conference call.
Apple sold every iPad 2 it could make during the quarter and has been hustling to increase supplies of the coveted tablet computers.
Apple said Tuesday that its net profit more than doubled to $7.31 billion on unprecedented revenue of $28.57 billion in the quarter ending June 25.
"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," Apple chief executive Steve Jobs said in a release.
"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," he continued.
Apple stock price, which had pumped up in anticipation of stellar earnings results climbed even further, rising more than four percent to $394 a share in after-hours trading.
The Cupertino, California-based company reported that it sold 20.34 million iPhones and 9.25 million iPad tablet computers in sales figures that eclipsed the same quarter last year by 142 percent and 183 percent respectively.
Apple saw the number of Macintosh computers sold climb 14 percent to 3.95 million, while iPod sales slid 20 percent to 7.54 million units.
"We are extremely pleased with our performance," said Apple chief financial officer Peter Oppenheimer.
"Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."
Apple announced that Wednesday it will release the latest version of its Macintosh computer operating system, dubbed Lion, which boasts more than 250 new features including support for touch-screen controls.
Sales of Macintosh were up 14 percent from the year-ago quarter and dramatically outpaced the overall computer industry.
"We do believe that some customers chose to purchase an iPad instead of a new Mac during the quarter, but we think even more customers chose to purchase an iPad over a Windows PC (personal computer)," Apple chief operating officer Tim Cook said during an earnings conference call.
Apple sold every iPad 2 it could make during the quarter and has been hustling to increase supplies of the coveted tablet computers.
http://www.siliconindia.com/shownews/Faster_cancer_prognosis_courtesy_IISc_and_Apple-nid-70421-cid--sid-.htmlfont-size: xx-small;">
No comments:
Post a Comment