 Hong Kong (CNN) – Apple, the world’s most valuable company, nearly doubled its profit in the last quarter based on stronger-than-expected iPhone sales, according to CNNMoney. The company beat analyst predictions thanks to 35.1 million iPhones sold worldwide from January through March. To help put that figure into perspective, CNN’s Katy Byron spoke to Gene Munster, a senior analyst who covers Apple at Piper Jaffray. A quick breakdown:
The reason? In a word – China. Sales from China – where the iPhone 4S went on sale – were $7.9 billion, or 20% of the company’s total revenue. “Growth in China for iPhones was 500% year-over-year overall iPhone sales 88% year-over-year worldwide,” Munster told CNN. And there’s room for Apple to grow in China this year. The iPhone launched on China Unicom and China Telecom this past quarter, but still is only available with 25% of phone carriers in China. “China Mobile still missing – which is like AT&T and Verizon combined here in U.S.,” Munster said. “They'll get that when iPhone 5 comes out (likely) in October 2012.” Moreover, the strong quarterly results shows strong growth in the developing world as a whole – an area where many wondered whether Apple’s premium line of products could find success. “They've proven that they can sell in emerging markets,” Munster said. |
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updated 1552 GMT, May 21
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If they would produce at least a few percent of that in the US, the country would maybe not have the problems they have. But the profit counts. All of the billions they earn now will be gone very quickly when apple has bad times again.
So I guess one could say that people have enough food to eat. So much for the world recession right? Priorities are very mixed in today's drama of by this and buy that.
Apple is the best company for i-phone, that everybody knows it,
thats 26 iPhone's per minute.....WOAH!!!
I think bob needs a calculator app.....
I think over and over again that iPHONE could be completely sold a very huge amount within an hour.... Amazing!
I wish I had one sooner...
And they hire 33 child laborers per hour!
If they produce a small percent in USA? A couple hundred million will save the US economy?
An american made product made in china pity all those proffits not going to us citizens !! but at least the US gov still getting a share from tax !! maybe one day a product thats made in the USA will stay in the USA ..............
Steve jobs !!pity he didnt create any in the USA ........
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