Apple results boosted by iPhone sales
Apple sells record number of iPhones to help boost profits.
Apple has announced its best ever non-holiday results in its history, as it unveiled its third quarter revenue and earnings, and posted a net quarterly profit of $1.23 billion (£953 million).
The global technology company attributed a large amount of its success to the sales of its iPhone. On 22 June, three days after its launch, Apple announced that it had sold over 1 million 3GS model iPhones.
The iPhone was first on sale during 2007, but it is the 3G style that first went on sale in July 2008, which has considerably increased the popularity of the innovative mobile. In this quarter alone, sales of iPhones have reached 5.2 million – an increase of 626% compared to the same quarter a year ago.
Steve Jobs, Apple’s CEO, said: “We’re making our most innovative products ever and our customers are responding. We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”
Apple’s Chief Financial Officer, Peter Oppenheimer, continued: “We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3bn.”
Apple’s other products have also played a significant role in helping the company achieve a record quarter. 10.2 million iPods were sold, along with 2.6 Macintosh® computers, representing a 4% unit increase compared to the same quarter in the previous year.
