Apple's 'dynamite' earnings report: By the numbers
The tech giant scores big iPhone sales and a huge increase in profits... but iPad sales disappoint
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.
$5.99 billion
Net income Apple reported for the last quarter
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$3.07 billion
Income for the same period one year ago
95 percent
Increase in profit
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$24.67 billion
Total revenue last quarter
$13.5 billion
Total revenue for the same period one year ago
83 percent
Increase in total revenue. "We're firing on all cylinders," Apple CEO Steve Jobs said in a statement.
18.7 million
Number of iPhones sold last quarter. That's "more than twice the population of New York City," says Amy Lee at The Huffington Post.
113 percent
Jump in iPhone sales from the same time one year ago
2.2 million
Number of Verizon iPhones sold in the last quarter
88 percent
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."
4.69 million
Number of iPads shipped last quarter
6.2 million
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."
7.33 million
Number of iPads sold in the previous quarter
3.76 million
Number of Mac computers sold last quarter
$1.4 billion
Revenue generated by the iTunes store last quarter — its best ever
$200 million
Decline in business in Japan that Apple anticipates in the coming quarter, due to the earthquake
250 percent
Increase in iPhone sales in China from the same time one year ago
$65.76 billion
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.
Sources: Bloomberg, Computer World, Huffington Post (2)(3), Wall Street Journal (2), Design Taxi, The Street, Seeking Alpha, Forbes, Yahoo
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