Half of Fortune 100 Companies Working with iPads

· by · 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%).

Jeff Gamet

Jeff Gamet

Jeff is the Mac Observer's Managing Editor, and co-host of the Apple Context Machine podcast. He is the author of "The Designer's Guide to Mac OS X" from Peachpit Press, and writes for several design-related publications. Jeff has presented at events such as Macworld Expo, the RSA Conference, and the Mac Computer Expo. In all his spare time, he also co-hosts the We Have Communicators podcast, and makes guest appearances on several other podcasts, too. Jeff dreams in HD.

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