Apple: We’ve Sold Over 40 Million iPads

| Apple Stock Watch

Apple’s total iPad sales since it first launched has topped the 40 million mark, and isn’t showing any signs of slowing down yet. CEO Tim Cook shared that number during the company’s fourth fiscal quarter earnings report Tuesday afternoon.

Mr. Cook said that Apple expected the tablet market would be big, “and it has been even greater than we thought.”

Apple sells over 40 million iPadsiPad: Over 40 million sold

“We’ve now sold 40 million [iPads] on a cumulative basis,” he added. “It’s pretty clear to me that if you forecast out in time, the tablet market will be larger than the PC market. That’s not a guidance number, that’s just what I believe.”

Apple also reported selling some 250 million iOS devices since the iPhone was first introduced in 2007. Sales for Apple’s fourth fiscal quarter included 17.07 million iPhones, 11.12 million iPads, and 6.62 million iPods.

The Mac, iPhone and iPad maker broke its own quarterly revenue records yet again with $28.27 billion, and a $6.62 billion profit. Gross margins for the quarter came in at 40.3 percent, up from 36.9 percent compared to the same quarter last year.

Apple is currently sitting at US$392.52 in after hours trading, down 29.72 (-7.04%).

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Comments

Lee Dronick

I wonder if the after hours price of AAPL will go back up.

RonMacGuy

Just the typical initial response to so-called “bad news” on Wall Street.  Not worth reacting to.  Still the right stock to be in long-term.  I’m just holding and waiting!!

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