iPhones up 133%, Apple “Shocked” at iPad Sales Rate

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Apple is “shocked,” yes, shocked at the number of iPads it sold this month, the company said as it beat analyst expectations for its second quarter ended March 27.
Sales of the iPhone (up 131 percent) far exceed some analyst projections and helped drive a 90 percent rise in Apple’s profit to over $3 billion and a 49 percent increase in revenues to over $13 billion for the quarter.
Apple sold 8.75 million iPhones during the quarter—more than in the fourth quarter when sales are usually high. Its Mac sales rose 33 percent from the year ago quarter to 2.94 million units. iPod sales were down one percent from a year ago to 10.89 million units. It also sold 500,000 WiFi iPads in a single week in early April, after the quarter closed.
Apple CEO Steve Jobs said in statement, “…we have several more extraordinary products in the pipeline for this year.”
Apple retains an over-70 percent share in MP3 players and the share is rising Internationally.
The iTunes store hasd best quarter with sales of $1.1 billion. Apple stores saw a 22 percent gain in revenue over last year to $1.68 billion and the stores hosted 47 million visitors in the quarter, up 20 percent. Apple also said it will open approximately 20 to 25 new stores in the U.S. this year.
Some tidbits—The iPhone growth rate (133 percent) greatly exceeds the overall smartphone growth rate of 41 percent, said Apple
Apple said its working on lower-than-usual margins for the iPad to take advantage of its “first mover advantage” in getting the tablets out. Apple believes the total market for new tablets overall will be “huge,” said COO Tim Cook in a conference call with analysts late Tuesday.
Apple is gaining momentum with typically non-Mac customers. About half the Mac sales this quarter were to first time Mac users.
Source: Apple

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