Tuesday 21 November 2017

Apple rings up 37m iPhone sales in just three months

The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the company's sales.

Apple said it sold 37m iPhones in the last three months of 2011, vastly exceeding analyst estimates and propelling the company to record quarterly results.

The phone accounted for 53pc of Apple's revenue in the quarter. Though it has other hit products, such as MacBooks and the iPad, they can not keep up with the iPhone, whose sales more than doubled over last year from an already high level.

The sales mean Apple is set to regain the position it briefly held earlier last year of being the world's largest maker of smartphones, ahead of Nokia and Samsung.

Apple said net income in the fiscal first quarter, which ended December 31, was $13.06bn (e10.02bn), up 118pc from $6bn (e4.6bn) a year ago.

Revenue was $46.33bn (e35.55bn), up 73pc from a year ago. Analysts were expecting $38.9bn (e29.8bn). The stellar performance could re-establish Apple as the world's most valuable company, again toppling Exxon Mobil Corp. Apple first unseated Exxon last summer, and the two have been trading places since then.

Apple shipped 15.4 million iPads in the quarter, again more than doubling sales over the same quarter last year.

Apple co-founder and long-time chief executive Steve Jobs died on October 5.


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