Another record quarter for Apple
01/07/07 15:12
270,000 iPhones sold in first 30 hours...
Apple's third quarter results have shown a profit of $818 million. Revenue was $5.41 billion with 40% of revenue coming from international sales.
One of the most important figures was for the new iPhone. Apple stated that in the first 30 hours, 270,000 iPhones were sold. They also pointed to many delays in the AT&T activation process, possibly explaining the activation figure of 146,000 announced by AT&T this week. It looks like AT&T only saw 146,000 iPhones on their network in the first 2.5 days, whereas there had been far more iPhones sold. Peter Oppenheimer, Apple CFO, also stated that the company expected to sell 1 million iPhones by the end of the fourth quarter (end of September).
Gross margin continued to rise, reaching 36.9% in the last quarter. Cash and short term investments reached a massive $13.8 billion.
For more details, check out the Mac Information Apple Financials Guide.
Simon Spence/2007
Apple's third quarter results have shown a profit of $818 million. Revenue was $5.41 billion with 40% of revenue coming from international sales.
One of the most important figures was for the new iPhone. Apple stated that in the first 30 hours, 270,000 iPhones were sold. They also pointed to many delays in the AT&T activation process, possibly explaining the activation figure of 146,000 announced by AT&T this week. It looks like AT&T only saw 146,000 iPhones on their network in the first 2.5 days, whereas there had been far more iPhones sold. Peter Oppenheimer, Apple CFO, also stated that the company expected to sell 1 million iPhones by the end of the fourth quarter (end of September).
Gross margin continued to rise, reaching 36.9% in the last quarter. Cash and short term investments reached a massive $13.8 billion.
For more details, check out the Mac Information Apple Financials Guide.
Simon Spence/2007
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