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80,258 News Articles

Apple iPhone sales up 123 percent

Handset helps offset Mac decline in Q2

Despite a decline in Mac sales, Apple reported a strong second quarter, driven by iPhone sales.

Apple sold 3.79 million iPhones in the second quarter of this year for 123 percent growth compared to the same period last year. The company sold 2.22 million Mac computers during the quarter, a 3 percent decline. iPod unit shipments were 11.01 million during the quarter, growing 3 percent.

Apple announced the iPhone 3G in June last year and started shipping it in July. After the launch, Apple partnered with wireless carriers worldwide to sell the phone, and it is now available in 81 countries, according to Apple.

The Mac maker posted revenue of $8.16 billion for the second quarter of 2009, up from $7.51 billion in the second quarter of 2008. Revenue exceeded expectations of $7.96 billion from analysts polled by Thomson Reuters.

The company also recorded net profit of $1.21 billion, or $1.33 per share, for the quarter that ended March 28, improving from the $1.05 billion in profits, or $1.16 per share, that Apple reported last year. Apple also beat analyst expectations of $1.06 earnings per share during the quarter.

"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's chief financial officer. Apple's financial condition remains robust and it has close to $29 billion in cash and marketable securities on the balance sheet, he said.

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