Apple hit major milestones today in the latest quarterly earnings:
1. Highest Quarterly Sales of $20.3 billion, rising 67% from previous year
2. Highest Quarterly Profits of $4.3 billion, rising 70% from previous year
3. Highest Unit Sales of Mac, iPhone and iPad
“We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple,” said Steve Jobs, Apple’s CEO. “iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year.”
Apple raised the outlook for the holiday quarter, and as Steve Jobs indicated, is planning to launch something exciting this year... Apple TV sold 250,000 units for the quarter.
In the conference call, Steve Jobs was elated, talked about winning, catching "tiger by the tail", and even joked about loving "Flash" ( memory). Mr. Jobs talked about creating the best products for the markets and customers Apple serves, and maintaining higher margins by providing the better Apple experience out of the box. Mr. Jobs quipped that he would like to learn from Nokia on how to create Smart phones for less than $50. Apple had a phenomenal quarter for the new iPad, and importantly, the businesses and education are finding new applications for the iPad.
“7-inch tablets are tweeners: too big to compete with a smartphone and too small to compete with the iPad,” said Jobs, adding that competing manufacturers were struggling to meet the price point of the iPad, which starts at $500. Both Samsung and RIM have not announced pricing on their tablets.
“These are among the reasons that the current crop of 7-inch tablets are going to be DOA — dead on arrival,” Jobs said during the earnings call!
After hitting another record daily high, Apple stock was down more than 6% in after hours, perhaps reacting to lower gross margins and pent up expectations.
Learn to innovate like Apple and Steve Jobs.
How does Apple, the #1 innovative company in the world, innovate and create game-changing innovations such as the iPod, iTunes, iPhone, iPad and more? What is Apple's secret recipe for innovation success?
Download Apple's Innovation Strategy, and learn how Apple became the #1 innovator through:
• Creativity and Innovation
• Innovation in Products
• Innovation in Business Model
• Innovation in Customer Experience
• Innovation and Leadership
• Steve Jobs Visionary Leadership
Revised in 2011! Steve Jobs interview
Download Apple's Innovation Strategy and Learn how Steve Jobs made Apple the #1 Innovative company in the world.
Download Now
Read more:
http://www.wired.com/gadgetlab/2010/10/tablets-steve-jobs/#ixzz12ou3xuLP
1. Highest Quarterly Sales of $20.3 billion, rising 67% from previous year
2. Highest Quarterly Profits of $4.3 billion, rising 70% from previous year
3. Highest Unit Sales of Mac, iPhone and iPad
“We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple,” said Steve Jobs, Apple’s CEO. “iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones RIM sold in their most recent quarter. We still have a few surprises left for the remainder of this calendar year.”
Apple raised the outlook for the holiday quarter, and as Steve Jobs indicated, is planning to launch something exciting this year... Apple TV sold 250,000 units for the quarter.
In the conference call, Steve Jobs was elated, talked about winning, catching "tiger by the tail", and even joked about loving "Flash" ( memory). Mr. Jobs talked about creating the best products for the markets and customers Apple serves, and maintaining higher margins by providing the better Apple experience out of the box. Mr. Jobs quipped that he would like to learn from Nokia on how to create Smart phones for less than $50. Apple had a phenomenal quarter for the new iPad, and importantly, the businesses and education are finding new applications for the iPad.
“7-inch tablets are tweeners: too big to compete with a smartphone and too small to compete with the iPad,” said Jobs, adding that competing manufacturers were struggling to meet the price point of the iPad, which starts at $500. Both Samsung and RIM have not announced pricing on their tablets.
“These are among the reasons that the current crop of 7-inch tablets are going to be DOA — dead on arrival,” Jobs said during the earnings call!
After hitting another record daily high, Apple stock was down more than 6% in after hours, perhaps reacting to lower gross margins and pent up expectations.
Learn to innovate like Apple and Steve Jobs.
How does Apple, the #1 innovative company in the world, innovate and create game-changing innovations such as the iPod, iTunes, iPhone, iPad and more? What is Apple's secret recipe for innovation success?Download Apple's Innovation Strategy, and learn how Apple became the #1 innovator through:
• Creativity and Innovation
• Innovation in Products
• Innovation in Business Model
• Innovation in Customer Experience
• Innovation and Leadership
• Steve Jobs Visionary Leadership
Revised in 2011! Steve Jobs interview
Download Apple's Innovation Strategy and Learn how Steve Jobs made Apple the #1 Innovative company in the world.
Download Now
Read more:
http://www.wired.com/gadgetlab/2010/10/tablets-steve-jobs/#ixzz12ou3xuLP
How does Apple, the #1 innovative company in the world, innovate and create game-changing innovations such as the iPod, iTunes, iPhone, iPad and more? What is Apple's secret recipe for innovation success? The eBook has been revised in 2011, contains 125 slides, and has Steve Jobs interview.
Sanjay Dalal is an 
