Posts Tagged ‘apple revenue’

Apple Earns Huge Profit From Iphone And Ipad Sales

Wednesday, July 20th, 2011

Twice rise in sales of Apple’s most popular iPhone and iPad have resulted in its enormous recent profits above any anticipation. The firm’s net income was $7.31bn (£4.6bn) in 3 months to 25 June, which was 125% more than one year before and huge quarterly profit from it. The sale of Apple’s iPhones was more than 20 million in the quarter and 9.25 million iPads.

But, sales of iPod have fallen down by 20% to 7.54 million units. These results are raising concerns on supply of the iPad 2, due to both interruptions because of Japan’s tsunami and earthquake in March.

Software Lion

Apple chief financial officer, Peter Oppenheimer, said: “We are extremely pleased with our performance”. “Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25bn.” Mr Oppenheimer also told that Lion, the new version of the Mac OS X operating system, will start trading from 27 July 2011.

The Lion software copies certain features of interface of iPhone and iPad. This firm has a status of conformist in relation to its predictions. Shares increased by 5.3% in extra after hours of trading to its maximum for 1 year.

Clashes Costs were affected following the long break of its founder and Chief Executive, Steve Jobs, which he took for health reasons.

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