iPhone and iPad double Apple profit

Record iPhone and iPad sales lifted Apple’s revenue to $28.57bn (£17.7bn) during the last quarter.


The company sold 20.34m iPhones during the three months to June 25, 142% up year on year. It sold 9.25 million iPads during the same period, equating to a 183% increase over the same period last year.

However, iPod sales fell 20% during the quarter to 7.54m, while sales of Mac computers totalled 3.95m, representing a 14% a year on year increase.

The revenue gains drive net profit up 125% to $7.31bn (£4.53m).

In a separate earnings call the company also reported that iTunes downloads generated revenues of almost $1.4bn (£868m), representing a 36% year on year increase, with over 225m registered accounts.

Discussing the App Store, Peter Oppenheimer, Apple’s CFO, said the company had paid out over $2.5bn in cumulative payments to application developers – Apple gives 70% of all revenues generated by apps to developers.

“Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25bn [£15.5bn] and we expect diluted earnings per share of about $5.50 [£3.41],” he added.

Sales outside of the US market generated 62% of the company’s total revenue during the quarter according to Apple.

This story first appeared on New Media Age. For more digital stories and analysis from NMA click here now

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