Half of Fortune 100 Companies Working with iPads

| Apple Stock Watch

Apple’s iPad is proving popular in the business world with about half of the Fortune 100 companies already testing or deploying the multimedia tablet. Apple COO Tim Cook shared that detail during the company’s third quarter earnings conference call Tuesday afternoon.

In response to Cross Research analyst, Shannon Cross, asking about how the iPhone, iPad and Mac are performing in the business market, Mr. Cook said “50 percent of the Fortune 100 companies are deploying or testing iPad.”

He added that Apple is seeing “good momentum” in Fortune 500 companies, and that the company has penetration into 80 percent of the Fortune 100 companies with the iPhone as well as more than 60 percent of the Fortune 500 companies.

Apple reported US$15.7 billion in revenue for the quarter with earnings of $3.25 billion and earnings per share of $3.51. The company sold some 3.47 million Macs during the quarter, along with 8.4 million iPhones, 9.41 million iPods, and 3.27 million iPads.

Apple is currently trading at $258.50, up 6.61 (2.62%).

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