Okay, so the richest company in the world got a lot more richer in spite of announcing $45 billion in dividends over three years and what not. Yes, it’s time for their quarterly earnings report and it is massive.
iPad sales are up by a whopping 151%, and they managed to sell 11.8 million iPads in just three months.
“The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver,” said the Apple CEO Tim Cook.
Last year same quarter they posted $24 billion in revenues and $6.0 billion in profit, and this quarter it’s doubled with $39.2 billion in revenue and $11.6 billion in net profit.
iPhone and iMac sales are up by 88% and 7% respectively with 35.1 million iPhones and 4 million Macs sold.
iPods are dying, though. Down 15% but that’s expected. It did its job back when there was no iPhone and Apple is in a dominating position now.
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