Millennium Post

Apple net jumps 24% on higher iPhone sales

Apple Inc has reported 24 per cent jump in net profit to $8.2 billion for the July-September quarter driven by higher iPhone sales. The company's revenues surged 27 per cent from the year- ago period to $36 billion for the quarter. Higher international sales accounted for 60 per cent of the quarterly revenue.

'We're very proud to end a fantastic fiscal year with record September quarter results,' Apple CEO Tim Cook said, adding, 'We are entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.'

Apple sold 26.9 million iPhones in the quarter, a 58 per cent growth. It also shipped 14 million iPads, which is 26 per cent more than the year-ago period.

The company sold 4.9 million Mac computers in the July- September quarter, a slight rise of 1 per cent over the year- ago quarter. However, Apple saw 19 per cent decline in iPods sales to at 5.3 million.

According to market analysts, lower than expected iPad shipment have triggered some concerns. One of the reason for lower sales of iPad could be the users were waiting for the launch of iPad mini, which would hit the stores next month. Apple has declared a cash dividend of $2.65 per share of the company's common stock.

Apple’s much awaited iPhone 5 will be available in retail stores in India from November 2. An Apple India spokesperson said distributors Ingram Micro and Redington India will start supplying iPhone 5 from November 2 to retailers. However, neither Ingram Micro nor Redington India revealed the price of iPhone 5 in India. Apple too did not disclose the India price.

For the 12 months ended 29 September, Apple has posted 61 per cent jump in net profit to $41.73 billion and net sales elevated by 45 per cent to $156.5 billion for the 2011-12 fiscal.
Next Story
Share it