Apple breaks sales records, nearly doubles last year’s quarterly net profit

apple breaks sales records nearly doubles last years quarterly net profit applestore

According to the company’s official press release, Q2 saw Apple selling 35.1 million iPhones (an 88-percent increase over the same period last year) and 11.8 million iPads (up 151 percent over Q2 2011). Likewise, the firm sold 4 million Mac computers, which is a seven percent increase over the prior year.

All of these are wildly positive numbers, but Apple did offer up one arguably negative figure. Specifically, iPod sales: The company managed to sell 7.7 million of the ubiquitous music storage devices, which while an impressive milestone by itself, represents a 15-percent decline from the second quarter of last year.

Aside from that however, the financial report is almost glowing with positivity. Apple’s total revenue for the quarter was $39.2 billion, with a net profit of $11.6 billion. That’s 94 percent more profit than the firm saw in Q2 2011 and raises the price of Apple stock to $12.30 per share (up from $6.40 per share last year).

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple CEO Tim Cook. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Those fortunate few who own stock in Apple (or are unreasonably attracted to long lists of numbers) can find the company’s full disclosure of financial results within the official press release, but for those of you with tiny attention spans, the short version is that Apple is doing very well. Despite the loss of Steve Jobs, the company seems as dynamic and profitable as it’s ever been. Apparently the general public finds something very appealing about intuitive, aesthetically-pleasing technology. Weird, huh?

Mobile

Mophie vs. Belkin vs. Anker vs. iOttie: Finding the best wireless charging pad for iPhones

Ever since wireless charging for the iPhone was introduced almost a year ago, an influx of different wireless chargers have appeared on the market. To help make it easier, we tested out four different wireless charging pads with the iPhone…
Apple

Apple's AirPower charging pad may cost $150, sport 22 wireless charging coils

At its September event last year, Apple unveiled the AirPower -- its new wireless charging mat that will allow you to charge multiple devices at one time. It has not yer been released. Here's everything we know about the device so far.
Mobile

Samsung confirms the Galaxy S10 won't be the first 5G phone

It may be no more than a sparkle in Samsung's eye, but the Samsung Galaxy S10 is definitely coming. Here's everything we know about what's sure to be Samsung's most amazing creation so far.
Social Media

Three million people quit Snapchat after the redesign

After a million users signed petitions to get the old Snapchat back, the network's user count is showing the early results of the changes with a three-million-user drop in daily active users.
Mobile

Apple just released iOS 12 Beta 5 and Siri Shortcuts just got a lot better

At this year's Worldwide Developer Conference, Apple unveiled its latest operating system, iOS 12. From app updates to group FaceTime, ARKit 2.0, and more, here are all the new features in iOS 12.
Computing

A brand-new Mac can be hacked remotely during its first Wi-Fi connection

Researchers discovered a security flaw affecting versions of MacOS prior to 10.13.6 that allows hackers to take control of a Mac during first-time setup and device provisioning. Malicious code can then be injected into the Mac.
Cars

Head Tesla engineer leaves for Apple to possibly reboot self-driving car

Apple's self-driving car project could get the reboot as a former chief engineer for Tesla Motors left the company to go back to Apple. Doug Field, who worked at Tesla from 2013 until last month, will go back to Apple.
Deals

Save up to $900 with the best smartphone deals for August 2018

Need a better phone but don't want to spend a fortune? It's never a bad time to score a new smartphone and save some cash. We rounded up the best smartphone deals available that can save you as much as $900.
Apple

Sprint holds another flash sale, offers the iPhone X for $5 per month

For those looking for a good deal on an iPhone, Sprint recently announced another flash sale. For a limited time, the carrier is offering the iPhone X for $5 per month to new and existing customers.
Mobile

Looking to remove unwanted apps from your iPhone? Here's how

Have too many apps piled up on your iPhone? With all the games, apps, and bloatware out there, it is easy to run out of room on your phone. Here's how to delete apps on an iPhone, so you can free up some space for something new.
Computing

Should you OK Google, Hey Siri, or talk to Cortana? Here's the top voice assistant

In this virtual assistant comparison, we examine how they're becoming an important part of our lives. So how do Cortana, Google Assistant, and Siri stack up against one another when it comes to features and voice recognition?
Mobile

Marco? Polo! Let's explore the app known as the 'video walkie-talkie'

Marco Polo has been dubbed the "video walkie-talkie," but how does the video messaging app stack up against competitors like Snapchat and Instagram? From unique filters to personalized video messages, we explore the Marco Polo app.
Computing

Apple preps production of updated MacBook Air for a 2018 launch

To reach its rumored launch timeline of later this year for its low-cost notebook, Apple is expected to begin production of its updated MacBook Air soon. The sub-$1,000 laptop could launch as early as September or October.
Mobile

Samsung Galaxy Note 9 vs. Apple iPhone X: Battle of the ultra-premium smartphones

The new Samsung Galaxy Note 9 is the company's latest ultra-premium smartphone. The device boasts top-tier specs, an excellent design, and more. But can it take out the Apple iPhone X, Apple's own ultra-premium device?