Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Apple profit rockets with hot iPad, iPhone sales
by Staff Writers
San Francisco (AFP) July 19, 2011


Apple unleashes Lion, updates MacBook Air
San Francisco (AFP) July 20, 2011 - Apple on Wednesday unleashed its new Lion operating system, running it on updated, more powerful versions of its MacBook Air ultra-thin laptop.

A slew of Apple product releases came as the California company's stock rose on the back of record high net profit and revenue in the quarter ending June 25.

Lion is the latest version of the Macintosh computer operating system and boasts more than 250 added features including handling multi-touch controls.

Sales of Macintosh computers dramatically outpaced the overall market in the recently-ended quarter and Lion is expected to further ramp up interest in Apple products.

Lion will be pre-installed on new Macintosh computers and is available for download as an update from the Mac App Store for $30.

"Lion is the best version of OS X yet, and we're thrilled that users around the world can download it starting today," said Apple senior vice president of Worldwide Product Marketing Philip Schiller.

Updated MacBook Air laptops feature speedier Intel processors, backlit keyboards, and quicker data ports.

MacBook Air models range in price from $999 to $1,599 depending on processor speeds, memory and other features.

Apple also introduced a Thunderbolt Display that serves as a docking station and a high-quality desktop screen for a Mac notebook computer. Thunderbolt Display will be priced at $999 when it hits the market some time in the coming two months, according to Apple.

Apple revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled with help from accelerating demand in Asia.

Apple said Tuesday that its net profit more than doubled to $7.31 billion on unprecedented revenue of $28.57 billion in the quarter ending June 25.

"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," Apple chief executive Steve Jobs said in a release.

"Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall," he continued.

Apple stock price, which had pumped up in anticipation of stellar earnings results climbed even further, rising more than four percent to $394 a share in after-hours trading.

The Cupertino, California-based company reported that it sold 20.34 million iPhones and 9.25 million iPad tablet computers in sales figures that eclipsed the same quarter last year by 142 percent and 183 percent respectively.

Apple saw the number of Macintosh computers sold climb 14 percent to 3.95 million, while iPod sales slid 20 percent to 7.54 million units.

"We are extremely pleased with our performance," said Apple chief financial officer Peter Oppenheimer.

"Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50."

Apple announced that Wednesday it will release the latest version of its Macintosh computer operating system, dubbed Lion, which boasts more than 250 new features including support for touch-screen controls.

Sales of Macintosh were up 14 percent from the year-ago quarter and dramatically outpaced the overall computer industry.

"We do believe that some customers chose to purchase an iPad instead of a new Mac during the quarter, but we think even more customers chose to purchase an iPad over a Windows PC (personal computer)," Apple chief operating officer Tim Cook said during an earnings conference call.

Apple sold every iPad 2 it could make during the quarter and has been hustling to increase supplies of the coveted tablet computers.

"Sales of iPad 2 have absolutely been a frenzy for people to get one," Cook said. "We feel very good about the progress we have made ramping up."

Along with being a hit outside of the workplace, iPads are increasingly being incorporated into operations at companies ranging from hospitals and retailers to airlines, according to Apple executives.

Apple revenue in China, Taiwan, and Hong Kong was $3.8 billion, six times that seen in the same quarter last year, making the area a key driver behind the company's record financial results, according to Cook.

"There is an incredible opportunity for Apple there," Cook said of the Asia-Pacific region. "I firmly believe we are just scratching the surface there right now."

Stunning iPhone sales figures in the quarter were due in large part to demand in emerging and developing markets including China, Latin America, and the Middle East, according to company executives.

"That is great for Apple," Cook said. "These are markets Apple has not traditionally been strong in and we are beginning to see the fruits of our labor."

Apple reported that it has sold overall more than 222 million devices running on its mobile operating system.

Apple's online iTunes store retained its crown as the world's top music retailer.

During the conference call, Oppenheimer mentioned a "product transition" planned for later this year but declined to provide specifics.

"Apple builds products and drives people to the products, where other vendors make products and hope they will be hits," said independent analyst Rob Enderle of Silicon Valley.

"They make money on apps, accessories, hardware...they monetize everything," he continued. "They've got a formula."

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Kakao is sweet for S. Korean smartphone users
Seoul (AFP) July 17, 2011
South Korean student Hwang Jin-Joo no longer sends text messages to his extensive circle of friends, he "KaTalks" them. Kakao Talk, a mobile messenger smartphone application, has enjoyed phenomenal success since it was launched 16 months ago and has spawned similar apps in the world's most wired nation. "Almost everyone I know uses the service, and it's so economical that now I can't ima ... read more


TECH SPACE
Two NASA Probes Tackle New Mission: Studying The Moon

Twin Artemis Probes To Study Moon In 3D

Marshall Center's Bassler Leads NASA Robotic Lander Work

NASA puts space probe into lunar orbit

TECH SPACE
Opportunity Tops 20 Miles of Mars Driving

Opportunity Under One Mile from Crater Rim

NASA in Australia for Mars research

Mars Opportunity Rover Nears Endeavour Crater Rim

TECH SPACE
NASA Begins Commercial Partnership With ULA

"Space taxi" coming

AIA Concerned by NASA, NOAA Cuts

Appropriations Committee Approves the Fiscal Year 2012 Commerce, Justice, Science Appropriations Bill

TECH SPACE
China launches new data relay satellite

Time Enough for Tiangong

China launches experimental satellite

China to launch an experimental satellite in coming days

TECH SPACE
Atlantis crew leaves historic flag aboard ISS

Obama dials for pizza, gets space station

NASA Selects Nonprofit to Manage Space Station National Lab Research

Astronauts Complete Spacewalk; Cargo Transfers Begin

TECH SPACE
Russia sends observation satellite into space

NASA inks agreement with maker of Atlas V rocket

Russia launches 2 foreign satellites into orbit

ILS Proton Successfully Launches the SES-3 Satellite for SES

TECH SPACE
Ten new distant planets detected

Microlensing Finds a Rocky Planet

A golden age of exoplanet discovery

CoRoT's new detections highlight diversity of exoplanets

TECH SPACE
'Bloom is off the rose' for 3D: DreamWorks CEO

Apple profit rockets with hot iPad, iPhone sales

Chilean copper-molybdenum mine moves ahead

Earnings-outlook spry at 100-year-old IBM




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement