Jobs: We Sold More Phones than RIM

October 20th, 2008 at 3:00 PM - Apple Stock Watch by Jeff Gamet

Appleis 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 Appleis 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 RIMis 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%).

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