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
78,713 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

Android One vs Android Silver vs Google Nexus: What is the difference?

IDG UK Sites

Apple updates MacBook Pro line-up: Price cuts & spec boosts for 6 MacBook Pro models

IDG UK Sites

Long live the internet fridge: the Internet of Things is coming

IDG UK Sites

How Prometheus' colourist Juan Ignacio Cabrera gave a tense, edgy feel to Chosen