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Apple increases net profit by 78%

21 July 2010 13:21 (UTC +04:00)

The company reported a net profit of $3.25 billion for the three months to June 26. This was up from $1.82 billion a year earlier. Earnings per share, at $3.51, were well ahead of the $3.11 expected by analysts. Revenue rose to $15.7 billion, also well ahead of forecasts.

Although the iPhone and iPad generated most of the headlines, it was the Mac computer that helped make the quarter for the company.
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Apple sold a record 3.47 million Macs in the quarter, up 33% from a year earlier and better than the 3.2 million Wall Street had expected. It also sold 8.4 million iPhones in the quarter, up 61% over a year ago, and 9.41 million iPods, down 8%. Apple said it sold 3.27 million iPads during the quarter, having started selling the tablet computer only in April.

Apple’s sparkling financial performance in the June quarter helped ease investors’ fears, and may silence critics who have been hammering the company over its handling of the iPhone 4 ’Antennagate’ controversy revolving around complaints about signal loss on the new gadget.

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