Tag Archives: Apple profits

Apple earnings report: iPhone bumps up revenue but sales of iPad fall by 16%

apple-logo-smallThe latest earnings report from Apple has exceed expectations, with the company reporting an increase in revenue for the first three months of the year of $45.6 billion – way ahead of analysts’ predicted $43.5bn.

However, the report also reinforced the fact that Apple relies more than ever on the success of the iPhone for continuing growth.

The smartphone accounts for more than half of the company’s revenues and while sales of the device soared past expectations (43.7 million units sold compared to projections of 37.7m), this success was necessary to offset a slump in interest in the iPod, Macs and the iPad.

Apple’s tablet launched four years ago and although the device has been hailed as the ideal Continue reading