Mobile

Apple earnings beat estimates, but iPad disappoints

NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.

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.

Trackbacks

  1. [...] 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. [...]

  2. [...] 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. [...]

  3. [...] 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. [...]

  4. [...] 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. [...]

  5. [...] 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 [...]

  6. [...] 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 [...]

  7. [...] 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 [...]

  8. [...] 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 [...]

  9. [...] 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 [...]

  10. [...] 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 [...]