News - Apple profits almost double on iPhone sales

[HEXUS]

The Apple juggernaut gains further momentum as iPhone sales go from strength to strength.

Read more.

[kingpotnoodle]

It posted revenue of £13.5 billion in the first quarter of the calendar year. This translated to a profit of £3.07.

Only 3 quid? Me thinks there is a missing "billion".

[TheAnimus]

iPhone sales will probably get quite a good trickle down from the iPad publicity machine.

Apples marketing is utter genius, as someone who studied as an engineer the quality and choice of materials is just pants, but you have to hand it to them, jobs mob runs an excellent shop.

The downside is the share price is a bit high by standard measures, the cash pile is a bit worrying for many institutionals as was the under performance of the iPad compared to some analysists.

The apple PR machine often works against the city which thrives on correct information!

[Scott B]

Only 3 quid? Me thinks there is a missing "billion".

Thanks, got the currency wrong too, sigh.

[Lee H]

Thanks, got the currency wrong too, sigh.

One of those days Scott? Nevermind, we've all had them

I feel that Apple are doing well with they're usual mark-up on products, but they could be doing better.

Imagine if they came to market with a scaled down iphone which was good enough for most of the day-to-day stuff, but the price came in at the 100-150 handset price range on PAYG.

Can you imagine the amount of sales overnight these devices would have as kids would want one if they've used their parents phone or seen one from a friend.

There you go Steve (Jobs not the hexus one!), a bit of insight on which market to try to dominate next

[Percy1983]

There is a lot of sheep out there....

[TheAnimus]

Imagine if they came to market with a scaled down iphone which was good enough for most of the day-to-day stuff, but the price came in at the 100-150 handset price range on PAYG.

Can you imagine the amount of sales overnight these devices would have as kids would want one if they've used their parents phone or seen one from a friend.

I would say no.

The biggest iPhone competitor for consumers is probably the iPod touch.

That is how they want to keep it. A premium brand shouldn't have diluted products.

[cheesemp]

I would say no.

The biggest iPhone competitor for consumers is probably the iPod touch.

That is how they want to keep it. A premium brand shouldn't have diluted products.

Lets face it when you've got people prepared to sell body parts to own one (or even a second hand one) you don't want to reduce the price!

My estate agent tried to impress me by telling me he was getting an Iphone - think he was surprised by my response. (Android for me!)

[usxhe190]

Well I think the iPhone is a pretty good product and they have a massive following because of the app developers. Apple owes it to the app developers.
But the closed system is really stupid.

[Percy1983]

When people try to impress me with the 'I have an iphone' thing I point out that my W880 + bigger bank balance works for me. (W880 = old but small mobile phone which... phones people)

[baius]

There is a lot of sheep out there....

There are a lot of sheep out there...