Apple Reports More Sales, Profit Records
January 24, 2012 at 4:46 PM (PT)
Don't stop us even if you've heard this before: APPLE released its latest quarterly report, which once again far exceeded analyst expectations and broke sales records in several categories, WIRED reports.
Remember the pundits who dismissed the iPHONE 4S was a less-than-impressive update to the iPHONE 4? Well, APPLE sold 37.04 million 4s's in the first quarter of its fiscal year (which began last OCTOBER), up 128% from the same sales period last year. "We could have sold more if we had more supply," said APPLE CEO TIM COOK said in a conference call TUESDAY.
APPLE sold more than 15 million iPADS in the first quarter, up 111% from the previous year’s Q1 report -- the largest amount of iPADS sold in a single fiscal quarter -- and far more than any of APPLE’s ANDROID competitors.
The quarterly net profit of $13.06 billion, another record, more than doubles the profit from Q1 2011. That duly impressed WALL STREET, where APPLE stock rose 33.5 points in after-hours trading, nearly an 8% increase to end the day at roughly $420.41 per share.
It wasn't all good news. Apparently, iPHONE sales is cannibalizing iPOD sales, as "only" 15.1 million of the music players were sold, a 21% decline compared to Q1 2011.