🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more
Codebreaker

Apple quarterlies: soon everything will be an iPhone

John Moe Apr 25, 2012


“Assimilate! ASSIMILATE!” – Tim Cook, Apple CEO

You’ll never believe this, you guys, but Apple is selling a lot of stuff! I know, right?! As huge and powerful as the company is, it outperformed the numbers that were expected.

From the world of Computerworld:

During an earnings call with Wall Street analysts and reporters, Apple said it had sold 35.1 million iPhones during the quarter, an increase of 88% from the same period a year ago, and 11.8 million iPads, well over twice as many it sold in the first quarter of 2011.

Well, that’s a lot. The iPhone is now pulling in 58% of revenue for Apple over all, the second quarter in a row that the iPhone has accounted for most of the company’s money coming in the door.
DIG THIS: Apple is a phone company that also happens to make computers.Mac sales actually underperformed analyst expectations.

Cook was asked whether Apple would build a so-called convergence product: something that could act as a tablet with a fixed cover, a sort of laptop/tablet. He said any two products could theoretically be combined

“But the problem is that products are about trade-offs, and you begin to make trade-offs to the point where what you have left at the end of the day doesn’t please anyone. You can converge a toaster and a refrigerator, but those things are probably not going to be pleasing to the user. We’re not going to that party… others might from a defensive point of view, “ he said, taking a subtle dig at the plans of various PC makers.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.