Wednesday, April 21, 2010

Apple earnings: iPhone growth magnifies global smartphone potential | Between the Lines | ZDNet.com

Apple earnings: iPhone growth magnifies global smartphone potential | Between the Lines | ZDNet.com: "Apple once again took Wall Street by surprise when it reported second quarter earnings that far exceeded any expectations of analysts and industry watchers. Revenues came in nearly $1.5 billion over what Wall Street forecast and earnings were 90 cents over. Growth in Mac sales was impressive - at 33 percent - and iPod Touch sales were even better, up 63 percent from a year ago.

But the darling of the earnings call on Tuesday was the iPhone, which saw a whopping 131 percent year-over-year growth in sales and 124 percent jump in revenue. Its numbers exceeded the records set during the previous quarter, a holiday quarter. And sales were also up more than three times the 41 percent that IDC projected for overall smartphone market growth for the quarter."
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