Apple Sells 7 Million iPads In The Last Quarter

January 19th, 2011 at 10:56 am
 


It seems that the popularity of the Apple iPad has not waned yet. Despite a lot of tablets being introduced to compete with it in the market, the iPad still gets the vote for being the most popular tablet device yet. During the last holidays alone, the very first popular tablet was able to sell a staggering 7 million units.

According Apple in announcing its financial results for the first quarter for fiscal year 2011 which ended on December 25, 2010, it sold a total of 7.33 million iPads. This is on top of a very profitable quarter for Apple that posted an overall revenue of $26.74 billion. This is enough to gain a net quarterly profit of $6 billion for the company.

Considering that the Apple iPad was just launched in the 2nd quarter of last year, it may be quite normal to expect such incredible sales. But then again, many competitors are slowly coming up with their own tablet versions that the market will be saturated with new tablets in no time. But it may be quite unfortunate for Apple to be the company to open up this new market for devices that previously hasn’t yet been established.

Credit should be given it to Apple for revolutionizing a tablet market that was once considered as a niche area with no big players and garnering only little attention. Now that Apple has paved the way for this market to enjoy explosive growth in just a span of less that a year, it is getting the attention it deserves with more and more tablet players coming in. It was a big risk that they took with various criticisms floating around concerning tablet devices and how it might not catch on. But they took the risk and are now reaping profitable rewards for it.

The 7 million iPads sold may just be the tip of the iceberg. It may just be an indication that consumers still hunger for such devices in the future. But then again the question remains as to whether people may be as quick to change their tablets for newer versions, just like what usually happens in the smartphone market. Competitors in the tablet market are also trying to obtain their own share and might pose a challenge to Apple and its iPad. It is still quite an interesting market to watch out with probably a lot of surprises in store for the rest of the year.

 

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