Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 21 July 2010 09:29

Apple reports record earnings

Written by Nermin Hajdarbegovic


iPhone 4, iPad fuel growth
Apple has outdone itself once again. The outfit has reported record earnings for the second quarter of 2010 and its optimistic Q3 guidance has surprised even optimistic market watchers.
Apple posted record breaking revenues of $15.7 billion and net quarterly profit was $3.25 billion, or $3.51 per share. Analysts were somewhat cautious on tech stocks due to seasonal trends, but it appears that Apple’s shipments weren’t affected by the slow market.

The outfit managed to sell 3.27 million iPads and 8.4 million iPhones. It’s worth noting that the majority of iPhones shipped in the last quarter were in fact old 3GS models, so sales could improve in the current quarter, as users transition to the new iPhone 4. MacBook sales were also strong and with 3.47 million units Apple has set another quarterly record. iPod sales are gradually declining, but Apple has no reason for concern as most iPod users are simply giving them up in favor of the much pricier iPhone.

Although some analysts were concerned about iPhone 4 antenna issues and the possibility of a very costly recall, Apple has come up with a much cheaper solution. The recall would have cost it more than $1.5 billion, but Apple chose to offer free rubber bumpers instead, at a cost of $175 million.

Nermin Hajdarbegovic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments