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Apple Sells Over 3M iPads, Nets 78% Profit Jump

Despite intense interest in antenna issues, Q3 was excellent for Apple, with more than 3 million iPads and 8 million iPhones sold

Dan Jones

July 21, 2010

1 Min Read
Apple Sells Over 3M iPads, Nets 78% Profit Jump

Apple Inc. (Nasdaq: AAPL) had a booming third quarter -- despite antennagate -- with sales of iPads, iPhones and iPods boosting the company's profit 78 percent year-on-year.

Apple's net income rose to US$3.25 billion -- or $3.51 a share -- from $1.83 billion a year ago, on revenues that grew 61 percent to $15.7 billion. Analysts surveyed by Bloomberg had been expecting a per-share profit of $3.11.

The Cupertino, Calif.-based company's numbers were helped by sales growth across almost all of its major product lines. The company launched two key new mobile products during its fiscal 2010 third quarter -- the iPad and the iPhone 4.

Apple has sold 3.27 million iPads since its April 3 launch. (See The iPad Has Landed.)

The company sold 8.4 million iPhones in the quarter, representing 61 percent unit growth over the equivalent quarter last year. Over 1.7 million of those were the new iPhone 4 model, which launched on June 24. (See Apple Outdoes Itself with iPhone 4.) CEO Steve Jobs is describing the iPhone 4 as "the most successful product launch in Apple’s history."

This despite widespread reporting on signal fade issues that can affect the new phone when it is held in a certain way. Apple has said that 0.55 percent of calls to its support line were about iPhone 4 reception issues, and Jobs has described the issue as "overblown." (See Apple's Answer to 'Antennagate'.)

— Dan Jones, Site Editor, Light Reading Mobile

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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