Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

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