By any yardstick, Apple's second-quarter numbers are huge. The results make it Apple's most successful second quarter ever, and are doubtless good news to Apple CEO Tim Cook, who had watched his company's stock shed 13 per cent over the last month — including a streak of 10 losing sessions over the last 11 trading days leading up to yesterday's analyst call — as investors questioned his ability to sustain torrid growth and his ability to live up to the legacy of company founder Steve Jobs.
"We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter," Cook said in a statement. "The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver."
Much of the credit for the rosy numbers comes from Asian-Pacific markets — and China, in particular, where Apple has been selling the latest version of the iPhone since January.
Handset sales are running five times last year's
Read More »