Despite the low sales of the Apple iPhone in the July to September quarter in 2011, Apple has arose from the ashes of the mourning of Steve Jobs who died on the 5th of October that year, and come out as a phoenix of fortune, selling a grand total of 37 million iPhones in the first quarter from October to December.
The figure is twice as many as the previous quarter, and more than twice of the figure the same holiday quarter in the preceding year which only saw figures of 14 million. This figure owe much to the launch of the iPhone 4s in October of last year
Analysts surveyed by FactSet had originally expected an earnings of $US10.04 per share of Apples stock, but the latest figures show that shares of risen up to $US13.87. Apple claims that from the $US6 billion net income during the quarter a year prior, a rise of 118 per cent this quarter has brought the net income of this quarter to $US13.06 billion. This has brought the revenue to $US46.33 billion.
During the same quarter, Apple had also shipped out a total of 15.4 million iPads, double of the same quarter the previous year.
According to news sources, Apple can be expected to retake its position as the most valuable company in the world from the current leading company Exxon Mobil Corp.
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