Apple, the maker of consumer electronics products that are revered around the world, nearly doubled its fiscal profit over the quarter a year ago as its sales of iPhones and iPads continued to drive immense growth at one of the world’s most successful companies.
Apple sold a whopping 35.1 million iPhones in what reflected 88 percent unit growth over the year-ago quarter. The number of iPads sold totaled 11.8 million, representing 151 percent unit growth over the fiscal 2011 second quarter. Apple introduced its latest iPad tablet computer in March, and its chief executive Tim Cook said the device “is off to a great start.”
In the quarter ending March 31, Apple reported net income of $11.6 billion, or $12.30 per diluted share. That means Apple’s profit was nearly double than the $6 billion in net income it reported in the same quarter a year ago.
Revenues, meanwhile, skyrocketed to $39.2 billion from $24.7 billion.
Sales of Macs increased 7 percent to 4 million while Apple suffered a 15 percent decline in its iPod sales (7.7 million).
Sales aren’t expected to be as monstrous in the next three-month period. Apple projects revenues of $34 billion and diluted earnings per share of $8.68 in the third fiscal quarter, its CFO Peter Oppenheimer said.
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January 16 2019 @ 18:48:27 UTC