Apple Profit Rises 78% on Demand for iPads, iPhones

I have come across with an interesting article about the rising demand for Apple’s iPads and iPhones.

In the last quarter, Apple has made an amazing 78 percent jump in its net profit on the demand of iPads, iPhones and Macintosh computers. In terms of sales, it has increased 71 percent to a record $26.7 billion.

Another good news is that Apple’s shares have risen to 53% last year in the market. It was a blowout quarter for Apple. In the last quarter, Apple sold 16.2 million iPhones, 7.33 million iPads, 4.13 million Mac computers and 19.5 million iPod media players, according to the statement.

A main driver of growth for the quarter was the company’s iPhone, which sold 16.2 million units, 86% more than a year ago. In addition, the company’s laptop and desktop computers grew 23%, well above the industry’s average growth. On the other side, iPod media players were sold 19.5 miilion, falling 7% compared to last quarter.

The iPhone is Apple’s top-selling product, accounting for 39 percent of revenue last fiscal year. The iPad is also becoming a bestselling product for Apple, accounting for 17 percent of revenue last quarter. The company has now sold 14.8 million since it was introduced in April.

(Images from Apple: iPhone, iPad, iPod Shuffle)

Is the “Apple Fever” going to an end after a dramatic growth?

Of course, no! Many are anticipating a sustainable growth in Apple’s sales for the next 12 months with the iPad and iPhone refresh. What is more is that the smartphone has already earned more buzz last week when it was revealed a Verizon Wireless version would be available for the first time next month (February 2011).

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Source From: Business Week, The Wall Street Journal