Apple, iPad, iPhone, Mac, News/Rumors

Apple beats its own targets this year’s Q1

Apple proved once again at this years’ announcement of the first-quarter earnings that it can play with numbers, and this time better than before. The announcement was made public over a conference call by the chief financial, Peter Oppenheimer.

Apple’s revenue was based mostly on iPhone, iPad and Mac selling, devices named by Oppenheimer as “strongest product lineup in Apple’s history.” but all in all, the profits were more than doubled. In this quarter, ended on 31st of December, Apple earned $13.87 per share, easily blowing away the estimates of the analysts; the affiliated analysts expected an EPS of $10.19 while the independents estimated the EPS at $12.01. The company sold 128% more iPhones than in the elder year, 111% more iPads and 26% more Macs. It seems that not even the release of Kindle Fire intervened with the iPad selling.

Apple’s CEO Tim Cook expressed his glee by stating the following:

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,”

He also shared his optimism:

“Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

The devices released by Apple were each time amazing; that explains also this quarter’s revenues, besides the iPhone 4s release. I am just curios how “amazing” will look like this time.

Source: AllThingsD

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