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

Apr 21 2011, 9:00am CDT | by , in News | Apple

Apple sold 18.65 million iPhones in the last quarter. That is more than double compared to the year-ago quarter.

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.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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.

 

 

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