Apple defies downturn with 88% increase in iPhone sales

Apple defies downturn with 88% increase in iPhone sales

 

Apple sold 4.4 million iPhones during the last quarter of 2008 – an 88% surge on the previous year.

 

The technology giant also saw a record net profit of $1.61bn (£1.15bn), proving its resilience to economic conditions.

 

The company reported record revenue of $10.7bn for the quarter to the end of December, but at the same time warned that revenue could fall significantly in the first three months of 2009.

 

Apple chief financial officer, Peter Oppenheimer, said the company expected revenue in the range of about $7.6bn to $8bn for the first quarter of this year.

 

The company sold 22.7 million iPods during the period – up 3% on the year before. MacBook sales rose by 9% year-on-year, but desktop sales fell by 25%.

 

Apple chief Steve Jobs said: ‘Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history – surpassing $10bn in revenue for the first time ever.’

 

Written by Mobile Today
Mobile Today

Comments

Please wait...


Please write code to prove you're human