Apr 21 2011, 7:27am CDT | by Luigi Lugmayr
Apple announced yet another record second quarter revenue of $24.67 billion (up 83% compared to the year-ago quarter) and record second quarter net profit of $5.99 billion, or $6.40 per diluted share. These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter. iPhone sales are stunning at 18.65 million (up 113% compared to the year-ago quarter) and Mac sales are 3.76 million (up 28% compared to the year-ago quarter). The only Apple product that sold much less than expected is the iPad. Analyst estimates saw iPad sales around 6m. Apple announced yesterday sales of 4.69m iPads.
So what happened? For one, Apple could not make enough iPad 2 tablets to satisfy demand. Online shipping had at times a 4-5 week delay. The other reason is that consumers held off buying a first generation iPad last quarter amidst the expected launch of the new iPad 2.
Apple said that they will fix the iPad 2 supply issue in the next quarter and will launch the iPad 2 in 13 more countries next week. AppleInsider reports that analyst Ming-Chi Kuo of Concorde Securities predicts more than double iPad sales in Q3.
The iPad 2 has to compete this quarter with more Tablets including the BlackBerry Playbook, and the LG G-Slate. If Apple fixes the supply issues with the iPad than a sales figure above 9 million is possible.
Source: Gadget Guy
The best representation of a great idea is when lightbulbs suddenly appear over people’s heads in cartoons, and Philips now has a product worthy of both being a top idea and being a lightbulb. Launched at the Philips Hue, this light bulb is ...
Full article at: Gadget Guy
More like this 15 minutes ago
Source: Boarding Area
I arrived at the Mumbai Airport in time for the flight, in spite of the fact that it was a working day and I had a late-afternoon flight. This involved arriving at office a couple of hours earlier than usual, and skipping lunch to make ...
Full article at: Boarding Area
More like this 29 minutes ago
Source: afaqs!
Planning a go-to-market strategy is a balancing act. Take too much time in the planning process and your organisation is likely to miss new opportunities and cede ground to nimble-footed competition. On the other hand, aggressivel ...
Full article at: afaqs!
More like this 29 minutes ago
Luigi Lugmayr
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.
blog comments powered by Disqus