Apple profits rise in second quarter, iPad sales boost profit
Apple has almost doubled its profits when compared to previous year. It reported earnings of $3.07 billion, or $3.33 a share, compared to year-ago profit of $1.62 billion, or $1.79 a share. Apple CEO Steve Jobs said in a statement that they were thrilled
APPLE PROFITS have almost doubled when compared to previous year. It reported earnings of $3.07 billion, or $3.33 a share, compared to year-ago profit of $1.62 billion, or $1.79 a share. Apple CEO Steve Jobs said in a statement that they were thrilled to report the best non-holiday quarter ever, with revenues up 49 per cent and profits up 90 per cent.
iPads have contributed a great deal to the revenue. The only product that saw a trough in its sale was the iPod. The company holds the iPhone responsible for the same. Apple sold 8.75 million iPhones in the quarter, a 131 percent leap over the year-ago quarter; 2.94 million Macs, a 33 percent jump; and 10.89 million iPods, a one per cent drop.Also the desktop computer sales rose by 40 percent on a volume basis from the second quarter.
The business is bound to gain momentum after the March quarter results and the company hopes to cash in on its market advantage for the sale of more iPads.
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