Apple: iPhone, iPad sales surged in last fiscal quarter The world's most valuable company, Apple, reported robust quarterly earnings Tuesday.

Cupertino, California-based Apple said this week sales of its popular iPhone and iPad devices continued to grow in its last fiscal quarter. Apple said sales of the iPhone surged 88 percent from the year prior, as demand in Asia grew. In the first three months of this year, Apple sold 35.1 million iPhones.

Sales of the iPad were similarly strong, as the company reported it sold more than 11.8 million of the tablets in its last fiscal quarter. That figure represents a jump of more than 100 percent from the same period in 2011. Apple's earnings  benefited from the marked uptick in sales, as net income rose to $11.62 billion from $5.99 billion in the year-ago period.

Apple also reported revenue of $39.19 billion in the first three months of 2012, up significantly from $24.67 billion in 2011. The company was largely able to avoid many of the demand problems that plagued the company last year, as chief executive Tim Cook, an expert in supply chain management, has helped reshape the technology giant's global supplier system.

Share To:

Strategic Sourceror

Post A Comment:

0 comments so far,add yours