Yesterday, we told you that Apple’s stock was trading for substantially lower because certain analysts projected that the company might miss its sales targets — a rare occasion — for the second fiscal quarter. Quite the contrary to those predictions, Apple has officially announced record-breaking sales of iPhones, iPads, and Macs for the March quarter. As a result, Apple’s stock has gained nearly $50 as of writing, soaring past the $600 mark.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
Apple posted revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.30 per diluted share, based on sales of 35.1 million iPhones, 11.8 million iPads, 7.7 million iPods, and 4 million Macs during the quarter. These are record-breaking sales of iPhones, iPads, and Macs for Apple in the March quarter, representing 88 percent, 151 percent, and a 7 percent increase in sales respectively over the year-ago quarter. Sales of the iPod declined 15 percent from the year-ago quarter, a continuing downward trend.