Feeds

Unlocked iPhones help drive Apple Q2

Don't cry for me AT&T...

The next step in data security

Announcing its second quarter financial results today, Apple confirmed the obvious by saying a "significant" number of iPhones are being purchased from its outlets with the express intention of unlocking them. That trend, coupled with higher-than-expected demand, has resulted in inventory shortages, the company claimed.

COO Tim Cook refused to provide a precise figure on the number of unlocked phones, but put a positive spin on the hacks telling Wall Street investors that this is an indicator of worldwide interest in the iPhone.

Overall, Apple claimed 1.7m units sold, creating revenue of $378m from handsets, accessories and money from carriers. The company says it is on target to hit 10m iPhones sold this calendar year.

For the three months to 29 March, Apple reported $1.04bn in net income, an increase of 35.7 per cent, on $7.51bn revenue - up 42 per cent. Earnings per diluted share came in at $1.16, compared to $0.87 for the year-ago quarter.

It was the Mac that propelled Apple towards one of its best quarters in terms of revenue. Apple shipped 2.28m Macs, representing 51 per cent unit and 54 per cent revenue growth over last year, and 10.64m iPods, a one per cent unit growth and eight per cent revenue growth.

You can plow through the financial details here.

Apple hailed strong interest from developers in business and academia for its iPhone development programme. One third of Fortune 500 companies and 400 higher-education institutions have joined the iPhone app effort, Apple told investors.

Separately, Apple declined to comment on its reason for the $278m purchase of PowerPC chip designer PA Semi, saying only that it buys small companies from time to time. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.