Apple’s 2nd Quarter Revenue Up

April 21st, 2010 at 12:00 am
 


Apple iPhone 3GS

Apple is currently enjoying a robust year even before the recent iPad launch. Financial reports show that the maker of the ever popular iPhone is enjoying a rather good second quarter based on its recent reported financial report. The recent report even beat analyst’s expectations for the quarter and has indeed made the company quite happy.

Financial reports for the second quarter 2010 shared by Apple last Tuesday indicated revenues of US$13.5 billion and profits reaching US$3.07 billion. The difference from numbers of the same quarter last year was quite striking- a 49 percent increase, from the US$9.08 billion earned the previous year.

Specifically, Apple says that a bulk of the increase stemmed from the robust sales of its iPhones. The company experienced a 131 percent increase of its iPhone sales for the quarter, recording a total of 8.75 million iPhones sold. In the same context, iPod sales showed a surprisingly robust result as it was only down by 1 percent compared to the sales from the second quarter of last year. This was maintained due to the brisk sales of the iPod Touch which enjoyed a 63 percent increase of sales compared to the same period last year. It was enough to push the overall revenue for the product line up to 12 percent.

It seems that both Apple and Google are enjoying quite a year despite the economic uncertainties that still cloud over most of the globe. The economic problems that affect quite a lot of people around the world today don’t seem to affect their buying attitude for cool gadgets. Apple truly may have something to smile about for the meantime.