Week 5- Developing a Global Vision

 

Booming sales of the iPhone across the world helped Apple to post quarterly results that breezed past expectations and sent its shares up 6 per cent to $254, an all-time high.

Revenue rose almost 50 per cent on the same quarter last year while profits were up 90 per cent.

The results for the three months to the end of March do not include iPad sales, which are expected to add another $1 billion (£654m) of revenue.

Sales of the iPhone were up 131 per cent on the same period last year, boosted by making the touch screen handset available in new markets, including China, and by the addition of new network operators including Vodafone in the UK.

Overall, the company reported net income of $3.07 billion, or $3.33 a share, up from $1.62 billion or $1.79 a share a year ago. Revenue was $13.5 billion compared to $9.08 billion.

Apple continued its strong run with sales of 2.94 million Macintosh computers during the quarter, a 33 per cent increase, despite strong sales of rival PCs boosted by the release of Microsoft’s new Windows 7 operating system. Apple also sold 10.89 million iPods during the quarter, a fall of only 1 per cent from last year in an almost saturated market.

Steve Jobs, the chief executive, said: “We have several more extraordinary products in the pipeline for this year.”

Apple's share of worldwide Smartphone sales grew from 5.3 percent in the first quarter of 2008 to 10.8 percent in the first quarter of 2009. In terms of unit sales, Apple jumped from 1.7 million in the first quarter of 2008 to 3.9 million during the same period in 2009.

This also is making apple invest more on worldwide company also given by the result of the ipad having great success in almost every continent.