Apple profits almost double on iOS product sales leap
A money making machine with just one button
Apple sold buckets more iPhones and iPads in its second quarter, helping it almost double net income year on year to $11.6bn and driving up gross margins.
The purveyor of magical and revolutionary shiny things turned in sales of $39.2bn for the quarter ending March 31, a 59 per cent rise on the year.
However, net income leapt 94 per cent to $11.6bn.
This yielded earnings per share of $12.30, well above the analysts' estimates of $10.06. Gross margins were 47.4 per cent, compared to 41.4 per cent a year ago.
The trigger for those numbers wasn't hard to find. Apple shifted 35.1 million iPhones in the period, an 88 per cent jump on the year, and iPad sales were up 151 per cent to 11.8 million.
Mac shipments were up a comparatively piddling 7 per cent to 4 million, while iPod shipments slipped 15 per cent to 7.7 million. ®
Sponsored: Data Loss Prevention & Data Theft Prevention