Yet another screaming quarter from the boys at Infinity Circle. Yes, once again Apple exceeds even the most optimistic revenue forecasts. After the close yesterday Apple reported revenue of $28.57 billion with per-share earnings of $7.79, the market was expecting $24.9 B and $5.80 per share.
A quick calculations shows that amounts to a 34% over estimate hit.
So where did the money come from?
iPhone sales are still massive with 20.3 million for the quarter. While the iPad sold 9 and a quarter million units during the quarter. The ramp up in production to meet the demand has been steady. A few months ago the wait was 2-3 weeks, now is it a matter of days.
The Mac line of business is also doing rather well with total units shifted 3.95 million units representing a 14% Y o Y growth. Some potential customers may have been delaying a purchase in light of the pending release of Lion, the new Mac Operating System. The wait is over as Lion ships today.
The humble iPod line was the only category to see a decline is sales and managed to find only 7.5 million new clients. With the continued expansion of the iPhone volumes there is less call for having a separate music player. Sales dropped 20% Y o Y.
Read the full release at Apple website:
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