iPhone, iPad Drive Apple's Sales To New Records
Apple broke its own iPhone and iPad sales records in its latest quarter as revenue jumped 82 percent. "We sold every iPad we could make," Apple's Peter Oppenheimer said, with Fortune 500 and Global 500 companies adopting the iPad. Apple sees opportunities in greater China even as Android crimped iPhone sales in western Europe.
Apple surpassed its all-time quarterly record for iPhone and iPad sales as the company's revenue grew 82 percent year over year to $28.6 billion. What's more, the device maker racked up strong Mac sales of 3.95 million -- a 14 percent increase over the year-ago quarter, and unit shipments rose 57 percent in the Asia-Pacific market in comparison with a year earlier.
Apple sold 20.3 million iPhones worldwide in the three months through June -- a 142 percent rise from the same quarter last year, with iPhone sales in the Asia-Pacific region almost quadrupling. Apple also shipped a record 9.2 million iPads during the quarter, compared to 3.3 million a year ago -- an increase of 183 percent, noted Apple CFO Peter Oppenheimer.
"We were able to increase production sequentially by over 4.5 million and we sold every iPad we could make," Oppenheimer told investors Tuesday. "Today, 86 percent of the Fortune 500 are deploying or testing iPad within their enterprises -- up from 75 percent last quarter. We are also seeing strong adoption internationally with 47 percent of Global 500 companies testing or deploying iPad."
Continuing Momentum
Apple believes that it has a great opportunity to build momentum in the greater China area encompassing mainland China, Hong Kong, and Taiwan. "I firmly believe that we're just scratching the surface right now," Apple COO Timothy Cook said Tuesday. "I think there is an incredible opportunity for Apple there."
Piper Jaffray analysts anticipate that Apple's momentum will continue gathering steam during the remainder of 2011 -- driven by the release of Mac OS X Lion, iOS 5, and its new iCloud service, together with the launch of a next-generation iPhone with new carriers and refreshed MacBook Air notebooks.
"We believe Apple's impressive growth can continue, based on the size of the addressable iPhone and iPad markets," said Piper Jaffray analysts Gene Munster and Andrew Murphy. "In the December quarter, we expect optimism around holiday iPad sales to build."
Sales of Apple's next-generation iPhone are expected to receive a boost from pent-up demand at Verizon Wireless as well as possible U.S. launches at Sprint Nextel and T-Mobile. "Adding both Sprint and T-Mobile would increase Apple's addressable subscriber base in the U.S. by about 30 percent," Munster and Murphy observed.
European Challenges
On the other hand, Apple's market-share growth is already experiencing a slowdown in developed countries where iPhone penetration is high. And Apple will continue to face fierce smartphone competition -- especially in western Europe, where Apple was the smartphone market leader with a 21 percent share at the end of the first quarter, according to IDC Research Manager Francisco Jeronimo.
Source - [ sci-tech-today ]
Apple surpassed its all-time quarterly record for iPhone and iPad sales as the company's revenue grew 82 percent year over year to $28.6 billion. What's more, the device maker racked up strong Mac sales of 3.95 million -- a 14 percent increase over the year-ago quarter, and unit shipments rose 57 percent in the Asia-Pacific market in comparison with a year earlier.
Apple sold 20.3 million iPhones worldwide in the three months through June -- a 142 percent rise from the same quarter last year, with iPhone sales in the Asia-Pacific region almost quadrupling. Apple also shipped a record 9.2 million iPads during the quarter, compared to 3.3 million a year ago -- an increase of 183 percent, noted Apple CFO Peter Oppenheimer.
"We were able to increase production sequentially by over 4.5 million and we sold every iPad we could make," Oppenheimer told investors Tuesday. "Today, 86 percent of the Fortune 500 are deploying or testing iPad within their enterprises -- up from 75 percent last quarter. We are also seeing strong adoption internationally with 47 percent of Global 500 companies testing or deploying iPad."
Continuing Momentum
Apple believes that it has a great opportunity to build momentum in the greater China area encompassing mainland China, Hong Kong, and Taiwan. "I firmly believe that we're just scratching the surface right now," Apple COO Timothy Cook said Tuesday. "I think there is an incredible opportunity for Apple there."
Piper Jaffray analysts anticipate that Apple's momentum will continue gathering steam during the remainder of 2011 -- driven by the release of Mac OS X Lion, iOS 5, and its new iCloud service, together with the launch of a next-generation iPhone with new carriers and refreshed MacBook Air notebooks.
"We believe Apple's impressive growth can continue, based on the size of the addressable iPhone and iPad markets," said Piper Jaffray analysts Gene Munster and Andrew Murphy. "In the December quarter, we expect optimism around holiday iPad sales to build."
Sales of Apple's next-generation iPhone are expected to receive a boost from pent-up demand at Verizon Wireless as well as possible U.S. launches at Sprint Nextel and T-Mobile. "Adding both Sprint and T-Mobile would increase Apple's addressable subscriber base in the U.S. by about 30 percent," Munster and Murphy observed.
European Challenges
On the other hand, Apple's market-share growth is already experiencing a slowdown in developed countries where iPhone penetration is high. And Apple will continue to face fierce smartphone competition -- especially in western Europe, where Apple was the smartphone market leader with a 21 percent share at the end of the first quarter, according to IDC Research Manager Francisco Jeronimo.
Source - [ sci-tech-today ]
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