Apple can afford to launch iPhone 5 in Fall with iPhone 4 Sales like this

Apple announced stellar earnings again yesterday for their 2nd quarter. The company achieved a 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.

The Apple iPhone sales reached 18.65 million (up 113% compared to the year-ago quarter). It is amazing that Apple is still able to sell that many iPhones as the latest new release was almost a year ago. Not only is the iPhone 4 still selling well, but also the iPhone 3GS. At $50 the 3GS seems (according to Earnings Call Q&A protocol on TechCrunch) to find a lot of fans. The iPhone is growing in the US, but even more so in China.

With this strong sales performance Apple can afford to not launch a new iPhone on the regular June schedule. As reported Apple is rumored to be moving the iPhone 5 launch to September to hit up the ever so important Q4 Holiday and Black Friday sales season.

The iPhone 5 is supposed to feature the new A5 CPU found in the iPad 2, run iOS 5, slightly larger display, dual mode communication chip (GSM and CDMA) and 64GB option.

Updates

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