Apple reports record Q2 results

Apple reports record Q2 results

Apple has reported record second quarter earnings as the iPad helped boost revenues 88% to $15.7bn (£10.2bn). The company reported its results for the quarter ended 26 June yesterday (20 July).

The strong results come despite antennae issues with the manufacturer’s iPhone 4 model.

But Apple CEO Steve Jobs last night insisted that the latest device was the most successful launch in Apple’s history.

Profit was up 78% to $3.25bn, while the number of iPhones sold rose 61% year-on-year to 8.4 million. However, sales of the iPhone fell slightly quarter-on-quarter, as customers waited for the launch of the iPhone 4 at the end June.

Meanwhile, the iPad – launched during the quarter – accumulated sales of 3.27 million units.

Jobs said: ‘IPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.’

Apple has put aside revenue of $175m to cover the cost of providing cases to address antenna problems with the iPhone 4.

Written by Mobile Today
Mobile Today


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