Jobs: We Sold More Phones than RIM
Jobs: We Sold More Phones than RIM
by , 5:15 PM EDT, October 21st, 2008
Apple's iPhone 3G appears to be selling well -- so well, in fact, that the company claimed it sold more phones during the past quarter than its competitor Research In Motion. The news came during Apple's fourth quarter earnings report on Tuesday afternoon.
"Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone -- we sold more phones than RIM," said Apple CEO Steve Jobs.
The Cupertino-based company reported selling 6.9 million iPhones for the quarter, outperforming RIM's 6.1 million units. The company also ranked as the third largest phone seller by revenue for the quarter.
Apple reported US$7.9 billion in revenue for the quarter, with a net profit of $1.14 billion. Gross margins were up for the quarter at 34.7 percent, compared to 33.6 percent for the same quarter last year.
The iPhone 3G went on sale in over 20 countries on July 26, and Apple has continued to add new markets since the initial roll out. The company plans to sell the iPhone 3G in some 70 countries by the end of the year.
Apple is currently trading after hours at $90.00, down 1.49 (1.63%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Tue Oct 21, 2008 9:15 pm Subject: AAPL at $102--not in this universe
Tue Oct 21, 2008 9:39 pm Subject: Reality Check?
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated February 12th
- Sat, 4:11 PM
- MacOS KenDensed - MacOS KenDensed: iPad 3 Frenzy, Big-time Apple & Steve Jobs, G-Man
- Fri, 8:10 PM
- News - Apple Sues Motorola Mobility in California Over German Case
- 7:54 PM
- Free on iTunes - OnLive Desktop: Windows & Office on Your iPad
- 7:43 PM
- Product News - Apple Rolls Out MacBook Air Configurations for Education
- 6:35 PM
- Just a Peek - Battle Pocket Bulge With The Hint for iPhone
- 6:01 PM
- Rumor - Apple Reportedly Bringing MacBook Air Styling to Pro Line
- 4:50 PM
- Particle Debris - The Hidden Gotchas of Browser Security
- 3:56 PM
- Apple Stock Watch - Analyst: Paying a Dividend Makes Sense for Apple
- 2:58 PM
- Deal Brothers - iMac 27-inch 2.93GHz Intel Quad-Core i7 processor: $1,999
- 2:45 PM
- In-Depth Review - Theodolite App for iOS is Breathtaking
- 12:52 PM
- Apple Stock Watch - Mizuho Securities Starts Apple Coverage with $635 Target
- 11:35 AM
- Hot Forum Topic - Forum Poll: Are You Planning on Buying a New iPad?
The Mac Observer Reader Specials
TypeStyler 11 is now in the Mac App Store!! -- Special Introductory Price of $59.95!! -- To Buy From The Mac App Store Click Here Now!! Or buy direct
from Strider Software.
Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
-
If you're using a Mac, then you've gotta check out Online Poker Mac.
This mac poker and online casino mac site
actually does the unthinkable, it actually rewards! -
-
-
-
-
-
