Apple report massive earnings and record iPhone sales

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Despite concerns over supply issues, Apple have reported some impressive results for their second fiscal quarter. These included records sales of the iPhone which was helped by the Verizon iPhone 4 release.

Julianne Pepitone over at CNNMoney.com is reporting that the results posted by Apple easily beat Wall Street predictions. Apple reported earnings of $5.99 billion, or $6.40 per share, on revenue of $24.67 billion. Analysts had previously estimated Apple would return earnings of $5.37 on sales of $23.38 billion.

Overall sales climbed 83% over the same time a year ago, and profits almost doubled. Apple sold 4.69 million iPads during the quarter, but was less than the predicted 6.3 million. In the previous quarter which included the holiday season the company sold 7.3 million iPads.

The big news concerns the iPhone, which sold a record 18.65 million units during the quarter, up by 113% over last year. The sales of Macs were also up 32% from last year at 3.76 million. Sales of iPods continue to slow though, Apple still sold 9 million of the devices but that’s down 17% from last year.

The figures from Apple are pretty impressive, and may have been even better if they could have kept up with demand for the new iPad. What do you think about Apple’s sales figures?

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