Apple Quartely Earnings – another good quarter

Posted on April 24, 2012

Apple has just released its Q1 figures. Here are the highlights (via Business Insider):

  • 35 million iPhones shipped versus 32 million expected

  • 11.8 million iPads shipped versus 13 million expected

  • 4 million Macs shipped versus 4.4 million expected

  • Revenue above expectations: $39.2 billion versus $36.81 billion expected

This is a good solid quarter for Apple, showing good growth, especially in the smartphone business. Interesting miss with the iPad. I doubt this is due to competition, but due to market demand; which will be an interesting avenue to examine over the next few days.