Apple reports earnings: $5.99 billion for the quarter

[Grimes]

famousringo said:

megaman79 said:

famousringo said:

iPad sales are a little disappointing. Even after word of iPad unit numbers leaked out in their legal filing yesterday, it was thought that the numbers didn't include iPad 2 launch. Turns out they did.

Still, iPhone growth well over 100% and a gross margin back over 40% more than makes up for it.

Its just too big a device to carry round. Everyone assumes that its a golden egg again, but it is simply too big a device.

Nope. It's a supply problem, not a demand problem.

This is the low point of the iPad cycle, and it still shipped as well as the far more mature iPod Touch. iPad sellthrough for the quarter was actually over 5 million, so the dip in shipments had much to do with production getting retooled for the iPad 2.

Even on a disappointing report, the iPad clocked in over $2.5 billion revenue that wasn't in the year-ago quarter. How is that not a golden egg?

Exactly, supply was the problem. Everyone knew the iPad 2 was being released which slowed iPad 1 sales. The iPad 2 was only out a couple weeks during the quarter and was completely sold out and then some. The next quarter is going to have big iPad 2 numbers. Then the iPhone 5 will be released after that. And then they have the holiday quarter. Scary how much money they are going to make.