Apple reports lower iPhone sales in Q1 than expected

Apple reports lower iPhone sales in Q1 than expected
Despite reporting fewer sales of its iconic iPhone than expected by the most optimistic on Wall Street, Apple reported the most profitable quarter in company history. The Cupertino based company, just 2 days away from making some major announcements regarding a possible tablet and news on the touchscreen iPhone, reported selling 8.7 million units of their handset vs. predictions of 9 million from the most wildly bullish on the Street. International sales were strong and made up 60% of the quarter's revenue and tighter controls led to improved gross margins of 40.9% from last year's 37.9% A record 3.36 million Macs were sold during the three month period, a 33% increase  from last year. The iPhone total was a 100% increase fron the same period last year and the company sold 21 million iPods during the period for an 8% decline.

For it's 2010 fiscal first quarter, Apple earned $3.38 billion or $3.67 a diluted share vs. last year's figures of $11.88 in revenue, $2.26 billion in earnings or $2.50 a diluted share. CEO Steve Jobs said, "The new products we are planning to release this year are very strong starting this week with a major new product we're really excited about." In 2 days, Apple will be holding an event in San Francisco rumored to include the introduction of an Apple tablet, the debut of a 4th generation iPhone and/or iPhone OS 4.0 and quite possibly the announcement of a Verizon Wireless branded CDMA model of the iPhone. After reporting the numbers, Apple's stock is up .9% after hours after rising 2.7% during the regular trading session.

source: 9to5Mac

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9 Comments

1. som

Posts: 768; Member since: Nov 10, 2009

VERIZON do not needed iPhone to compete with DROID and other smartphones since iPhone insulted and condemned Verizon services could not handle data jammed like ATT does. So no iPhone for Verizon.

2. testman22

Posts: 339; Member since: Nov 03, 2009

Try to make sense next time som

3. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

People like you are total idiots! "VZW doesn't need an iPhone to compete with their current phone offerings..." Yeah why would a company want to diversify it's product offerings to allow for the greatest possible satisfaction of it's customers (sarcasm)!? I just thank goodness people like you are not running popular/successful companies; otherwise we all might be stuck using razrs...you know, cuz the Razr was just such a great phone, why would anyone want something better/different?

4. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

I hope VZW gets it for the countless zombie fanboys of Apple to come to our company, but personally would never own an Apple product. GO ANDROID!

5. ILOVEtechnology unregistered

This guy is a complete idiot, dude!!!!!!!!!!!!!!!!!!!!

6. cammian

Posts: 27; Member since: Dec 15, 2009

ya wtf haha

8. cellgeek82

Posts: 518; Member since: Dec 20, 2009

Even thought I like the Droid over the iPhone I think Verizon deserves a chance with the iPhone. It would be good to see the iPhone to its full potential. I still wouldn't buy one because I have a Droid, but it'd get AT&T off their high-horse.

7. anthonygolovey

Posts: 44; Member since: Dec 30, 2009

If verizon gets the iphone i think alot of ATT customers will switch for the constant 3g coverage, yeah att is good too but not as reliable and u guys know that start traveling a little and u will see, i mean even local just from city to city, i live in sacramento and work all over the bay area and i get great coverage with verizon cant say the same about my partners i phone, but his phone is sick, cant wait for it to come on verizon so i can get it.

9. Mateo8326

Posts: 472; Member since: Jul 15, 2009

ATT is more reliable ask the president he uses MaBell lol but verizon do got more coverage, verizon just keep up the expectations you got all these bloggers routing for b/c if not............

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