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The Guardian - UK
The Guardian - UK
Technology
Jack Schofield

Apple's quarterly earnings beat the street

Apple has released quarterly results showing revenues growing by 8.7% to $8.16bn with net profits up by 15% to $1.21bn. The company sold 2.22m Macs, 11m iPods, and 3.79m iPhones during the quarter, all of which met or beat Wall Street's expectations.

Apple had a strong quarter mainly because iPod Touch sales doubled and iPhone sales more than doubled.

Mac shipments fell by 3% compared to the same quarter last year, with desktops down by 4% and portables down by 2%. However, revenues fell much further: by 22% in desktops and 12% in portables. Presumably this was due to buyers choosing Apple's cheaper models instead of the high-end ones.

However, as with other companies, Apple's sales would have been affected by the holidays. To be specific, Easter fell in March last year (so Easter sales were included in the results) and in April this year (so they weren't). Also, last year Apple benefited from the launch of the MacBook Air.

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