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.
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Author: Karen Haslam, Editor
Macworld editor since 2008, Karen has worked on both sides of the Apple divide, clocking up a number of years at Apple's PR agency prior to joining Macworld almost two decades ago.
Karen's career highlights include interviewing Apple's Steve Wozniak and discussing Steve Jobs’ legacy on the BBC. Her focus is Mac, but she lives and breathes Apple.