Apple CEO Steve Jobs has reported that 4.2 million iPads had been sold, however this was not enough for analysts who had hoped for higher sales of around 5 million.
Much of Apple’s financial news was good news however:
The company reported gross margins of 36.9%, down on the forecast 38.15%.
Revenue was $20.34 billion, up 66.6% from the same quarter in 2009 and more than the Street’s $18.86 estimation.
Net profit for the quarter (which ended on 25 September) was a record $4.3 billion, compared to $2.5 billion for the year-ago quarter. This beat analysts expectations of $3.8 million net profit.
Apple sold 14.1 million iPhones, up 91.4% on this time last year.
4.19 million iPads were sold, in increase of 28.4% from last quarter, but lower than expected
iMac sales were up 27% to 3.9 million and iPod sales were down 11% to 9 million.
Apple’s share price went down to $300.15 from 318.00 in after hours trading.