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Tuesday, April 23, 2013

iPad Sales Jump 65% in Q2, Apple Reports $9.5 Billion in Profit

While Apple may be struggling to maintain momentum in the stock market, the company has just reported quarterly revenue of $43.6 billion with a net profit of $9.5 billion. The company's continued financial success was driven by over 37.4 million iPhone sales, 19.5 million iPads, and 4 million Macs. iPhone sales were up nearly 7%, while iPad sales were up over 65% over the same quarter last year. Mac sales, on the other hand, were flat. Overall revenue and net profit was expectedly down over the previous quarter, which included heightened holiday sales.

Apple's Q2 earnings continue to defy analyst commentary, which has suggested that the company has lost momentum amidst stiff competition. While new and upcoming products from Samsung, HTC, and Microsoft are certainly growing in influence and marketshare, Apple continues to hold a commanding lead in the tablet market and represent a majority of smartphone revenues.

Scott Lowe is IGN's resident tech expert and Executive Editor of IGN Tech. You can follow him on Twitter at @ScottLowe and on MyIGN at Scott-IGN.


Source : ign[dot]com

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