iPhone Pushes Apple’s Profits

April 21st, 2010 by Arjan Olsder Posted in Companies & M&A, Platforms: iOS | No Comments »

If anyone is wondering why Apple is so protective of its market, it is probably because the iPhone and App Store are turning into Apple’s primary revenue streams according to their last quarterly report.

Apple sold about 8.8 million units of the iPhone 3GS. This resulted in a net profit of $3 Billion, that is nearly twice as much as a year ago. Revenues grew with 49% to 13.5 Billion.

We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Steve Jobs, Apple’s CEO. “We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

“Looking ahead to the third fiscal quarter of 2010, we expect revenue in the range of about $13.0 billion to $13.4 billion and we expect diluted earnings per share in the range of about $2.28 to $2.39,” said Peter Oppenheimer, Apple’s CFO.

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    Arjan Olsder is the Vice President of Pixalon Studios. Opinions expressed on this publication do not have to represent those of Pixalon Studios.


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