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Apple earnings round-up: Profit and revenue explode

Written by Andre Yoskowitz (Google+) @ 21 Apr 2011 18:17 User comments (1)

Apple earnings round-up: Profit and revenue explode Apple reported its latest quarterly earnings and both revenue and profit soared year-over-year (YoY).
Revenue grew 83 percent to $24.7 billion, and profit jumped 95 percent to $6 billion.

The iPhone was, by far, the biggest revenue driver, with sales jumping to 18.6 million, over 100 percent growth YoY.

iPad sales, on the other hand, sputtered, falling well below analyst expectations at 4.7 million units sold.

Worries of the Japanese tsunami disaster affecting the top or bottom line were quickly assuaged, with COO Tim Cook saying revenue would drop just $200 million and that the supply chain is still intact, with no delays.

When speaking of iPad 2 sales, Cook said the demand was "staggering" and that the company "sold every one that we could make."

As expected, iPod sales fell for the 10th straight quarter, down to 9 million, or down 17 percent YoY.

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1 user comment

121.4.2011 20:00

Hey when you can sucker a bunch of people into buying an overpriced iGadget every year with a new model that is slightly better than the previous one what do you expect.


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