Apple earnings beat estimates, but iPad disappoints

April 20, 2011 1:52 PM
Anthony Ha
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MobileBeat 2013
July 9-10, 2013
San Francisco, CA
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Apple just released its earnings report for the second quarter of fiscal year 2011, and it topped analyst estimates once again.

However, it did fall short in one area: iPad sales. Analysts had predicted that the company would sell between 6 and 6.5 million iPads, and instead Apple reported sales of 4.69 million. This confirms earlier reports of disappointing sales, which were based on the filings in Apple’s lawsuit against Samsung. It’s hard to offer other comparison points — the company sold 7 million iPads in Q1, but that included the holiday season, and of course the iPad wasn’t even on sale during the same quarter last year.

(Update: It sounds like the lower sales either come from supply shortages or slow sales of the first-generation iPad in anticipation of the launch of the iPad 2, since Apple sold every iPad 2 it could make.)

Apple’s other devices continue to sell well. The company sold 3.76 million Macs, up 28 percent from a year ago, and 18.65 million iPhones, up 113 percent. iPod sales declined 17 percent to 9.02 million.

Overall, Apple reported record revenue of $24.67 billion and earnings of $6.40 per share, compared to $13.5 billion in revenue last year, and analyst predictions for the quarter of $23.8 billion revenue and $5.25 EPS.

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  • jamesdbailey

    Um, the iPad 2 went on sale March 11. The quarter ended March 26. I'm not sure what people expected. How many of anything can be sold in 15 days. Wait until next quarter before worrying about the iPad. Apple has sold every iPad 2 that they manufactured from release until now.

  • Zenism

    Click bait title. They sold every unit they could make. The article failed to mention that. More tripe…

  • http://www.venturebeat.com Anthony Ha

    They sold every iPad 2 they could make, not every iPad.

  • Zenism

    So you're telling me that Apple has unsold iPads? Like Moto has Xooms? Additionally, “supply shortages of slow sales” in your update doesn't make sense either.

  • $330AShareMakesMeWeep>8.-.(..

    I enjoy seeing things like “Apple disappoints in tablet sales” because I think that if Apple tablet sales (4.7 million units) are considered disappointing, then I wonder how all the iPad rivals must feel when they're selling 100,000 tablets and say they're doing OK.

  • wired-4058

    Would you buy the iPad and now the iPad2 is available.Your update prove this is just a hit whore article.You think you can do better? if so prove it by making things rather than trash talk.

  • http://venturebeat.com/2011/06/16/rims-q1-blackberry-sales-fall-short-500k-playbooks-shipped/ RIM’s Q1: BlackBerry sales fall short, 500K PlayBooks shipped | VentureBeat

    [...] As for BlackBerry phones, RIM says it shipped around 13.2 million devices. That may sound like a significant amount, but it’s no match against the 18.6 million iPhones Apple sold in its last quarter. [...]

  • http://blog.dinosaurtires.com/?p=5648 RIM’s Q1: BlackBerry sales fall short, 500K PlayBooks shipped | Dinosaur Tires & Wheels

    [...] As for BlackBerry phones, RIM says it shipped around 13.2 million devices. That may sound like a significant amount, but it’s no match for the 18.6 million iPhones Apple sold in its last quarter. [...]

  • http://androidrockstar.com/?p=10409 RIM’s Q1: BlackBerry sales fall short, 500K PlayBooks shipped

    [...] As for BlackBerry phones, RIM says it shipped around 13.2 million devices. That may sound like a significant amount, but it’s no match for the 18.6 million iPhones Apple sold in its last quarter. [...]

  • http://www.e-learningfree.com/rim%e2%80%99s-q1-blackberry-sales-fall-short-500k-playbooks-shipped E-learning, E-book, Tutorial Online RIM’s Q1: BlackBerry sales fall short, 500K PlayBooks shipped

    [...] As for BlackBerry phones, RIM says it shipped around 13.2 million devices. That may sound like a significant amount, but it’s no match for the 18.6 million iPhones Apple sold in its last quarter. [...]

  • http://venturebeat.com/2011/06/24/apple-macbook-air-q3/ Apple may ship 8M MacBook Airs in Q3, double all Q2 Mac sales | VentureBeat

    [...] sales in a big way. The company may ship over 8 million MacBook Air units in this quarter, double the 3.76 million combined Mac sales it had in the second quarter, the Taiwanese news site Digitimes [...]

  • http://venturebeat.com/2011/06/27/are-mysterious-macbook-air-shortages-signaling-a-refresh/ Are mysterious MacBook Air shortages signaling a refresh? | VentureBeat

    [...] a move is nothing to sniff at either. Apple moved 3.76 million Macs last quarter alone (up 28 percent year-over-year), and the market is already betting that an [...]

  • http://androidrockstar.com/?p=13180 Are mysterious MacBook Air shortages signaling a refresh?

    [...] even closer to the flagship MacBook Pro. Such a move is nothing to sniff at either. Apple moved 3.76 million Macs last quarter alone (up 28 percent year-over-year), and the market is already betting that an [...]

  • http://venturebeat.com/2011/07/19/apple-q3-2011-earnings/ Apple earns over $28B in Q3 — 20M iPhones, 9M iPads sold | VentureBeat

    [...] worth noting that iPad sales were a problem for Apple in its second quarter earnings report in April, though I don’t think the company is as worried about the healthy iPad sales this [...]

  • http://modern-techie.com/apple-earns-over-28b-in-q3-20m-iphones-9m-ipads-sold/ Apple earns over $28B in Q3 – 20M iPhones, 9M iPads sold | Modern Techie

    [...] worth noting that iPad sales were a difficulty for Apple in its second quarter earnings report in April, though i don’t believe the corporate is as worried concerning the healthy iPad [...]

  • http://venturebeat.com/2011/04/20/slow-ipad-sales/ Apple explains slow second quarter iPad sales | VentureBeat

    [...] biggest loser in Apple’s powerhouse second quarter was by far the iPad, which managed to ship just 4.69 million units when analysts expected somewhere [...]

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