We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

iPhone sales up 131% to 8.75 million

Apple's profit jumps 90% in second quarter

Boosted by an increase in iPhone and Mac shipments, Apple reported a 90 percent increase in quarterly profits Tuesday.

Worldwide iPhone shipments totaled 8.75 million during the quarter, an increase of 131 percent compared to the year-ago quarter. Mac computer unit shipments worldwide totaled 2.94 million, an increase of 33 percent compared to the year-ago quarter. iPod shipments totaled 10.89 million, a 1 percent drop.

The company reported net profit of $3.07 billion for the quarter ended on March 27, which compares to profits of $1.62 billion from the same quarter a year ago. Revenue was $13.5 billion, a growth of 49 percent from the year-ago quarter. Revenue beat analysts' expectations of $12.03 billion.

The company estimated its third-quarter revenue to be in the range of $13 billion to $13.4 billion, with earnings per share of about $2.28 to $2.39. The third quarter has started with a bang for Apple. The company on April 3 announced the iPad tablet computer, and sold close to 300,000 units on the first day.

"We've launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year," Apple CEO Steve Jobs said.

Anticipation for Apple's next-generation iPhone has also heated up after a prototype was said to be found in a California bar recently.

See also:

Apple iPhone 3GS review

Apple iPad review


IDG UK Sites

Best Black Friday 2014 tech deals: Get bargains on smartphones, tablets, laptops and more

IDG UK Sites

What the Internet of Things will look like in 2015: homes will get smarter, people might get fitter

IDG UK Sites

See how Trunk's animated ad helped Ade Edmondson plug The Car Buying Service

IDG UK Sites

Yosemite tips: Complete Guide to OS X Yosemite