Apple’s Apr-June Sales Up 61.3% To $15.7B
Apple sales rose 61.3% between April and June, the third quarter of the 2009-2010 fiscal year, to $15.7 billion, and net profit rose by 78.5%, to $3.25 billion, with solid results on all divisions and unexpectedly good performance from Mac sales.
The company’s operating profit rose 60.8%, to $4.23 billion, according to a press release issued by Apple, maker of the Mac, iPod, iPhone and iPads.
The company registered, in the same interval of 2009, net sales of $9.73 billion, a net profit of $1.82 billion and an operating profit of $2.63 billion.
Apple expected revenues of $18 billion in the fourth quarter of fiscal year 2009-2010, an unusually optimistic prognosis for the company, which overshoots Wall Street expectations by $1 billion, Reuters informed. The company has accustomed its shareholders with predominantly conservative estimations.
At the same time, Mac sales rose unexpectedly well, 33%, due to performance on Asian markets, while the iPhone and iPad divisions registered stagnating sales.
According to analysts, Apple sought to underscore, through its optimistic forecast, the fact that the iPhone 4’s reception issue scandal will not have a big impact on sales.
Apple shares dropped 7% since the launch of iPhone 4, on June 24, when the company received countless complaints from users regarding the phone’s reception issues.
Company CEO Steve Jobs said poor reception is a problem for all smartphones, but the bosses of rivaling companies and experts say otherwise.
