Apple Q2 Earnings: Stock increase and iPhone 4G Hype

Recently Apple have revealed their Q2 profits for their second quarter, thanks to the success of their iPhone they are boasting their best non-holiday quarter ever.

Apple claim to have seen profits of $3.07 billion in Q2 mainly thanks to selling 8.75 million iPhones, this is 131% more than the iPhones they sold in the same period last year, apparently sales in Japan and Europe were a big part of Apple’s success.

Many believe that a CDMA iPhone could perhaps see these figures rise hugely, this is because there are two huge markets where CDMA iPhones will be used, China and in the U.S. (Verizon Wireless).

In a recent statement Steve Jobs stated that revenue was up by 49%, also profits were up by 90%, Jobs also believes that the recently released iPad will further build on what is already a great year for Apple.

Apple stocks are also currently up, some people believe that all of the recent hype surrounding the iPhone 4G could have contributed towards this, to find out more check out the link below.

Source: IntoMobile