With mounting concerns over iPhone privacy issues and iPad supply chains, Apple brought investors some good news on Wednesday afternoon. The tech giant released its revenue report for the second fiscal quarter, and revealed that profits had nearly doubled from the same period a year ago. Analysts called the earnings "dynamite," though iPad sales were lower than expected. Here, a brief guide, by the numbers.
Net income Apple reported for the last quarter
Income for the same period one year ago
Increase in profit
Total revenue last quarter
Total revenue for the same period one year ago
Increase in total revenue. "We're firing on all cylinders," Apple CEO Steve Jobs said in a statement.
Number of iPhones sold last quarter. That's "more than twice the population of New York City," says Amy Lee at The Huffington Post.
Jump in iPhone sales from the same time one year ago
Number of Verizon iPhones sold in the last quarter
Drop in new AT&T subscribers last quarter. "That likely reflected the impact of Verizon Wireless finally getting to sell the iPhone," says Martin Peers in The Wall Street Journal. "But the results could have been much worse."
Number of iPads shipped last quarter
Anticipated iPad sales for the quarter. In an earnings calls, Apple CFO Peter Oppenheimer attributed the lower-than-expected iPad sales to supply issues, saying, "We sold every iPad 2 we could make during the quarter and would have liked to have ended the quarter with more channel inventory."
Number of iPads sold in the previous quarter
Number of Mac computers sold last quarter
Revenue generated by the iTunes store last quarter — its best ever
Decline in business in Japan that Apple anticipates in the coming quarter, due to the earthquake
Increase in iPhone sales in China from the same time one year ago
Amount of cash Apple had at at the end of March. The company "pays no dividend, declines to repurchase shares, and makes few acquisitions," says Eric Savitz at Forbes. "So the cash simply stacks up." To put that in perspective, with that cash, Apple could buy General Motors and still keep $20 billion in the bank. Or, Apple could buy both Nokia and BlackBerry's maker, Research In Motion, and still have some money leftover.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Chuck Hagel was a huge mistake
- What would it take for humans to build a settlement on Mars?
- It's official: The religious right is calling it quits
- The dangerously childish morality of liberal ObamaCare supporters
- 43 TV shows to watch in 2014
- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 10 things you need to know today: November 24, 2014
- Want to eliminate the scourge of frat culture? Lower the drinking age.
- 10 classic Sesame Street moments we wouldn't show today's kids
Subscribe to the Week