Third quarter financial results are in for Apple, and unsurprisingly, it’s been a good one, despite the iPhone 4 antenna saga pushing share prices down a touch. Apple posted net quarterly profits of $3.25 billion yesterday, and announced that iPad sales were coming level with Mac sales, even after a 33 per cent year on year leap in Mac sales.
In one quarter Apple sold 3.47 million Macs and 3.27 million iPads, despite the iPad only being released part way through the quarter. That’s a gap of just 200,000 units, and means that the iPad has generated almost 14 per cent of Apple’s total income for the quarter, $2.17 billion.
8.4 million iPhones were sold, including the iPhone 4, which sold more than 1.7 million units in its launch week. That’s less than predicted though, as analysts were shooting for 10 to 11 million iPhones. This isn’t due to people deciding not to buy an iPhone 4 though, it’s down to Apple not managing to produce the iPhone fast enough, although iPhone 4 sales did drop off a little once the antenna problem came to light.
Tim Cook, Apple’s COO, told CNN: “We’re making products as fast as we can. In the scheme of things, it’s a good problem to have. We’re working hard to meet demand, [but] I can’t predict when that will occur.”
The only thing on the decline is iPods, which, although selling almost three times as many units as the iPad, dropped eight per cent to 9.41 million units.
Apple is also setting aside revenue to cover the costs of delivering free cases to all iPhone 4 users until September 30, which is expected to cost $175 million in revenue.
