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 2tablets 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.
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 firstname.lastname@example.org.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.