Apple Sees Record iPad And iPhone Sales In Q1 2013
Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter. Just think about that for a second: in the time you take to read this article, Apple has made more money than most people make in a year. It's truly astounding. Apple moved a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter, while also selling a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. Mac sales dipped, however, with just 4.1 million moved in Q1 compared to 5.2 million a year ago. As for iPods? Those are declining as well, with 12.7 million sold this quarter compared to 15.4 million a year ago.
On one hand, Apple's moving a record number of its two hottest products: iPhone and iPad. On the other, it's clear that those two products are still eating into iPod sales, and with Mac sales down, Jobs' "post-PC era" theory seems all the more legitimate. The real question for investors, however, concerns Apple's ability to continually squeeze massive profits from each product sold. That's becoming increasingly difficult, of course, but it's seriously hard to gripe about 13 billion in net profit for a single quarter. There aren't too many companies in the world pulling in that sort of cash.