The iPad is gaining more traction in the enterprise market with more than 80 percent of Fortune 100 companies either already using the devices, or ramping up support for the multimedia tablet. Apple CFO Peter Oppenheimer discussed the iPad adoption rate during the company’s first fiscal quarter earnings report on Tuesday.
“Enterprise CIOs are adding iPad to their approved device list at an amazing rate,” Mr. Oppenheimer said. “Today over 80 percent of the Fortune 100 are already deploying or piloting iPad, up from 65 percent in the September quarter.”
The iPad is Apple’s multimedia tablet device with a 9.7-inch multi-touch display. It runs iOS, just like the iPhone, supports titles from the App Store, includes built-in Wi-Fi and Bluetooth, sports video and music playback, and includes the iBooks ebook reader and the iBookstore.
A growing list of business related apps are springing up for the iPad, too. Companies are using the tablet for data creation and review, remote network access, and more.
The iPad’s popularity is helping Apple’s bottom line, too. “Recognized revenue from sales of iPad and iPad accessories during the quarter was $4.61 billion,” Mr. Oppenheimer said.
Apple reported first quarter revenue at US$26.74 billion, up 71 percent year over year, with earnings up some 78 precent annually at $6 billion. The company sold 4.13 million Macs, 16.24 million iPhones, and 7.33 million iPads.
Apple is currently trading after hours at $345.45, up 4.45 (1.31%). The company’s stock closed at $340.65, down 7.83 for the day.