by Mobilemaniac on 26 April, 2012
Apple’s profits increased 94 percent from year to year reaching GBP 7.16 billion in the first three months of the current year. The revenues increased 59 percent to GBP 24.21 billion as a result of the sale of 35 million iPhone and 11.8 million iPads across the globe.
This most recent outcome places Apple fairly and squarely at the top of the smartphone market and is displays a fantastic difference between the sales performances of Nokia and Research in Mobile (RIM) for the same time frame.
The three monthly results up to the 31st of March of this year also pointed out the anxieties about the lesser sales and the probable lack of important parts that had the shares of apple to drop by 12 percent from the 9th of April.
Forecasters had predicted profits of GBP 6.18 a share on an income of GBP 22.78 billion, but the cost of Apple’s shares went up to GBP 7.59 a share as a consequence of their results.
Tim Cook, the CEO of Apple, stated that they were excited with the sales of more than 35 million iPhones, and near 12 million iPads in the quarter that ended in March. He said that their new iPad was getting of to a great beginning and in the course of the current year people were going to witness much more of the kind of modernization that only a company like Apple could provide.
iPad sales increased more than two fold to 11.8 million in comparison to what was sold in the same period the previous year when only 4.7 million pieces were sold and the statistics seem to show a general on going progress throughout the whole year. More than 67 million iPads have been sold throughout the world from the day it was first launched in the year 2010.
Peter Oppenheimer added that the record results of the quarter that ended in March brought in GBP 8.64 billion in cash from operations. He said while looking forward to their third financial three months, they anticipated that their income would be approximately GBP 21 billion, with diluted earnings a share being around GBP 5.36.
Mr. Cook stated that the company had had their first best quarter in China with an income of GBP 4.88 billion, which was three times more than the previous year. Chine gave the company 20% of their sales compared to the 12% the previous year. Mr. Cook mentioned that there would be plenty more of chances in China with the launch of the iPads and Apple’s ideas of extending their operation to the country.
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