Apple Q2 2010 earnings, Mac sales up 33% and iPhone up 131%

Apple announced its financial results on Tuesday for the second quarter of 2010 ending March 27.

Amongst the announcements was the big news that Apple's profits had risen nearly 90 percent to $3.07 billion during a record non-holiday quarter. Apple said it had sold 2.94 million Macs during the quarter, an increase of 33 percent from the quarter last year. The company also sold 8.75 million iPhones during the quarter, a 131 percent increase from the quarter last year. iPod sales dipped by one percent indicating that consumers are slowly moving to all in one devices such as the iPhone.

“We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Steve Jobs, Apple’s CEO. “We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

Apple launched its iPad tablet computer earlier this month and sold 300,000 units on the first day of sales. However, the launch was not perfect by Apple's standards. Users began complaining about wi-fi issues with the device and Apple responded. Apple has also delayed the international release of the iPad to late May, citing a strong demand for units in the U.S. The iPad has managed to grab 0.04% of the global browser market share since its launch. Apple's 3G version of the iPad goes on sale on April 30 in the U.S.

Apple's new iPhone, dubbed the "iPhone HD" by many, saw the light of day this week after an Apple engineer lost the device in a bar. Technology blog Gizmodo posted a full hands on with the prototype device. Apple is expected to launch the 4th generation iPhone in June this year.

Report a problem with article
Previous Story

Nintendo 3DS may be released in October

Next Story

Brain training games don't train the brain, says BBC

47 Comments - Add comment