Wednesday, July 20, 2011

Apple profit soars on record revenue

Sales of Apple's record quarter earnings Tuesday its profit doubled, as the technology pioneers sold 20.34 million and 9.25 million iPhones iPads.

The Silicon Valley company said it had revenues of 28.57 billion dollars last quarter, up 82 percent from 15.7 billion in sales from last year. Net income rose 125 percent to 7.31 billion dollars against 3.25 billion a year earlier.

"We are pleased to offer our best quarter ever, with sales up 82 percent and profits by 125 percent," said Apple CEO Steve Jobs.

Investors welcomed the performance shares up 6 percent in after-hours trading, to $ 398, the status of the consolidation of Apple as a technology company in the world's most valuable with a market capitalization of nearly of 348 billion dollars. Apple is the closure of the oil company Exxon Mobile, which is 414 billion dollars the only listed company in the world in all sectors with a high market value.

Sales of iPhones could deter a jump 142 percent, despite the generally expected release of a new model later this year, buyers today.

Sales rose 183 percent of iPads easily repel a wave of competitors from Google, HP and RIM driven. The company sold 3.95 million Macs in the quarter, a 14 percent increase in the unit compared to last year, easily beat the sale of 2 per cent increase on the slowdown in the PC industry.

Apple said that sales particularly strong in China, where 3.8 billion dollars in sales was six times higher than a year earlier. Apple is in negotiations to sell the iPhone via China Mobile, the largest airline in the world with 600 million subscribers.

"China has been key to our results," Chief Operating Officer Tim Cook Apple said in a conference call. "We're just scratching the surface. This is an incredible opportunity for Apple." Stellar figures easily beat analysts' consensus estimates for a profit of 5.84 billion U.S. dollars on a turnover of 25 billion dollars. He was the ninth consecutive quarter that Apple has surpassed expectations.

In April, Apple CFO predicts Peter Oppenheimer, a turnover of 23 billion dollars. Tuesday, he predicted fourth quarter earnings of $ 25 billion.

Publication of earnings figures coincided with a Wall Street Journal reported that some directors of Apple have discussed plans for a successor to employment, emblematic of the company co-founder, who was on indefinite medical since January for an unspecified medical condition. Mr. Cook has been managing the business in his absence.

The report said that the board had several executive recruiters on a replacement for employment, 56, spoke to undergo a liver transplant two years ago and was treated for a rare form of pancreatic cancer in 2004.

Despite his sick leave, Jobs has a great reputation in the past Apple events, including its presentation last month by the network service Apple icloud place and is reported to regularly visit the office.

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