When you’re ontop the only place to go is down, that is unless you’re a tech outfit from Cupertino, California, better known as Apple Inc. With analysts forecasting $5.37 earnings per share and $23.4 billion in revenue, yesterday’s leaked iOS device sales had odds favoring the analysts. This afternoon Apple pulled a hail mary.
Tagged ‘earnings call’
On Wednesday Apple’s earning call will confirm iOS device sales, but today we have what looks to be a unofficial sneak preview. By way of yesterday’s lawsuit filed by Apple against Samsung, the Cupertino-based company confirmed that as of March 2011, more than 108 million iPhones have been sold worldwide. The big news comes when we dive into iPad sales — did Apple come up big or fall short this quarter?
Apple has announced a raft of figures almost all in the positives at its earnings call tonight. One of the most impressive figures is the announcement that Apple has sold 160m iOS devices cumulatively. That’s one iOS device to the entire population of the UK more than two and a half times over. Click through for more mind boggling figures form what must have been a particularly satisfying earnings call for the folks from Cupertino.
At Apple’s earnings call this evening, Tim Cook, Apple COO and Steve Jobs stand-in, has said that he “cannot predict when the supply and demand will cross” for the iPhone 4. Cook said that there were still problems with getting enough iPhone 4 devices into the marketplace, and that it could not meet demand. Cook said: “I feel good about what we’ve been able to do with the iPhone 4, but it’s not enough. We have a significant backlog and are working around the clock to build more. I feel great that the demand for the iPhone 4 is so high, but can’t predict when supply will meet demand. The reaction from Verizon customers will be huge. I don’t want to give prediction when supply and demand will cross.”
Tim Cook, Apple COO and Steve Jobs’s stand in, has come out in attack of iPad competitors, and unsurprisingly, in favour of the iPad. Cook said that Android Honeycomb tablets were “vapour” for the moment, and Peter Oppenheimer, Apple CFO also confirmed that Apple are working on the iPad 2.