Apple Sells 1.7M iPhones in Q2

Apple Inc. (Nasdaq: AAPL) hit expectations for iPhone sales in the first three months of the year dead-on, announcing this afternoon that it sold 1.7 million devices during its fiscal second quarter.

Analysts and industry figures that Unstrung has talked to had been predicting the company would sell between 1.6 million and 1.7 million of its iconic touch-screen iPhones. (See Waiting for iPhone.)

The next big mobile launch for Apple will be the 3G iPhone, which carrier partner AT&T Inc. (NYSE: T) is already hinting at. The HSDPA phone is expected to be announced in June.

The Cupertino, Calif.-based firm reported a second-quarter net profit of $1.05 billion, or $1.16 a share, up from $770 million, or 87 cents a share, in the same quarter last year. Revenue grew to $7.51 billion, compared to $5.26 billion the year before.

Apple says the results are due to strong sales of Mac computers, as it recently introduced new models such as the ultra-thin Macbook Air. The results beat both Apple's expectations and analyst predictions of earnings of $1.05 per share.

Apple doesn't expect its third quarter to be quite as good, with predicted earnings of $1 a share on $7.2 million in revenue. Apple shares were down $6.52 (4%) at $156.37 in early after-hours trading.

— Dan Jones, Site Editor, Unstrung

Be the first to post a comment regarding this story.
Sign In