By the Numbers
The numbers are in and the Apple bandwagon continues to roll on, with little sign of a slowdown. As discussed earlier, Apple has been buoyed by huge sales of iPhone from telcos such as Verizon and AT&T. With sales of 47.8 million iPhones, 22 million iPads and 12 million iPods, it raked in $54.5 billion in revenue and $13.1 billion in profit in a single quarter.
The revenue figure was just shy of most estimates, but the quarter was a week shorter than the same period last year, so those numbers are still deeply impressive. The quarter generated all sorts of records including $23 billion in cash flow, record iPad sales (helped by the mini) and iPhone sales (10 million higher than last year's quarter). iPod sales are down, but still made it the device family's fourth most successful quarter.
Apple Talks Numbers
The conference call is ongoing, we'll update with news and information from that as it happens. The first note from Tim Cook was the company's refusal to compromise on product, which likely puts to rest any rumors of cut down iPhones.
Guidance for the second quarter, which is always down on the first includes the following figures:
• Revenue between $41 billion and $43 billion
• Gross margin between 37.5 percent and 38.5 percent
• Operating expenses between $3.8 billion and $3.9 billion
• Other income/(expense) of $350 million
• Tax rate of 26%
Source : cmswire[dot]com
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