Apple sold 4.69 million iPad tablets in the last quarter.
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.
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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.
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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.