Apple Sells Record Number of iPhone and iPad Devices
Apple’s third fiscal 2011 quarter was full of company records – and since we are talking about one of the world’s biggest companies, that means significant margins. Not only are iPhone sales up 142% from last year, but iPad sales are also up 183% even as Apple is still scrambling to meet demand. That accounts to 20.34 million iPhones and 9.25 million iPads having been sold.
It is amazing just how much the iOS ecosystem has grown since its introduction in 2007 with the original iPhone. The iPad was released a little over a year ago, making it one of the fastest-adopted devices of the last decade. There is no doubt that the mobile operating system’s four-year period has made those two devices Apple’s most significant market in terms of owners. Neither the Mac, with 3.95 million system sales, nor the iPod, at a 20% decline with 7.54 million, reach the ownership numbers of iOS devices. However make no mistake, the Mac is still significant on the report with a much higher revenue per unit sold since systems have a much broader price range.
A revenue of $28.57 billion and a net profit of $7.31 billion are both the highest-ever for Apple’s quarterly report. Both figures are almost twice what they were during this quarter last year, plus the revenue/profit ratio has increased in the favor of profit. 62% of the revenue can be attributed to the international market.
Steve Jobs expresses his enthusiasm over Apple’s success that has continued to grow at an incredible rate, “We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent. Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
Today Apple will be releasing Mac OS X Lion, the latest version of the Mac operating system, exclusively through the App Store recently brought to the platform. With Lion, Apple has proclaimed that they are bringing what they have learned from iOS to their personal computers, including a focus on multi-touch gestures and a page-organized app collection.
Analyst expectations for the quarter have been beat by a fairly wide margin, and next quarter is looking to continue the success as Apple is due to release the highly-anticipated successor to iPhone 4 and possibly a new iPad.