Popularity of Apple iPhone 4 'behind record financial results'

21/07/2010

Popularity Of Apple IPhone 4 Behind Record Financial Results

The provision of high-quality, popular mobile phones and other handsets may be behind Apple's positive financial figures.

According to results for the third quarter of 2010, the company enjoyed record revenue of $15.7 billion (£10.3 billion), up from $9.73 billion during the same period in 2009.

"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," says the firm's chief executive officer Steve Jobs.

Some 8.4 million iPhone 4's were sold during the three-month period, despite the mobile only hitting the shelves in five countries on June 24th.

The figures eclipse those revealed after the unveiling of the iPad, which sold three million units in 80 days following its release.

Apple's highest revenue on record meant it posted a profit of $3.25 billion - some of which could be takings from customers who recycled an old mobile in order to splash out on an Apple model.

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Posted by Paul Whalley