Apple is on an absolute roll lately, one that does not look to be ending anytime soon. This week, Apple announced its first-quarter earnings and they are impressive. iPhone sales are up and iPads are selling well.
Apple’s call with Wall Street the other day was full of optimism. The Cupertino based company stated that it sold roughly 37 million iPhones. This yielded Apple approximately $24 billion in profits. Considering that is just one quarter, those are rather impressive numbers.
In terms of iPad sales, Apple shipped nearly 12 million units. Sales of the iPad netted an impressive $15.2 billion for the technology giant.
None of this news comes as a surprise when you take into account the roaring success of the iPhone and the impact that it has on Apple.
The nation’s second largest wireless provider, AT&T, says that it activated 4.3 million iPhones on its network in Q1. The carrier claims that 21% of the activations were from new customers, further proving that the iPhone’s availability on other US carriers has not hurt AT&T. Furthermore, AT&T sold 5.5 million smartphones in Q1 with the iPhone making up 78% of that figure.
On the Verizon side of the spectrum, things look good for Apple as well. The nation’s largest carrier said that it sold 3.2 million iPhones in Q1. Additionally, the iPhone’s adoption on “Big Red” has apparently overshadowed the 4G-LTE hype. Apple’s iPhone made up for half of all Verizon smartphone sales.
Good news for Apple didn’t stop with Sprint. The third carrier to get the iPhone sold approximately 1.5 million iPhones and 44% of them were sold to new customers.
Apple stock is currently selling at $603 a share (Results as of 9:41 A.M. EST).