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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, October 19, 2011

Apple's Growth Slows

Apple said its revenues rose 39% year-on-year in the quarter ending September 24th to 28.3 billion US dollars, lifted by a 166% increase in iPad shipments to 11.12 million and a 21% rise in iPhone shipments to 17 million.  iPhone-related revenue rose 24% to 10.98 billion dollars, while iPad-related revenue rose 146% to 6.87 billion dollars. Apple's revenues rose 82% year-on-year in the previous quarter.

Apple forecast that its revenues in the current quarter will rise to 37 billion dollars (39% growth compared with 26.7 billion dollars in the equivalent quarter last year), following the sale of 4 million iPhone 4S units in the weekend after it went on sale on the 14th October. However, Peter Oppenheimer, Apple’s CFO, noted that the current quarter will span 14 weeks rather than 13. source: Apple statement

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