iPhone drives impressive quarterly financials for Apple

8.75m iPhone sales contribute to record non-holiday revenues of $13.5bn
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8.75m iPhone sales contribute to record non-holiday revenues of $13.5bn

iPhone sales jumped 131 per cent year-on-year to 8.75 million units in the first three months of 2010.

According to Apple's fiscal 2010 second quarter results, while iPod sales dropped 1 per cent to 10.89 million units, sales of the iPod touch - which runs the same OS as the iPhone - were up 63 per cent. The exact number of units wasn't specified.

Overall, Apple's quarterly revenues were $13.5 billion, up 49 per cent year-on-year. Profits jumped 90 per cent to $1.62 billion in the same period.

The company broke out more figures during its analyst conference call, including news that its iTunes store generated $1.1 billion of revenues from sales of music, video and apps during the quarter.

CFO Peter Oppenheimer said in a statement: "Recognized revenue from iPhone handset sales, accessory sales and carrier payments was $5.45 billion during the quarter compared to $2.43 billion in the year-ago quarter."

COO Tim Cook broke out some iPhone unit sales stats too: units grew 474% in Asia Pacific year-on-year, 183% in Japan, and 133% in Europe, as more operators signed up to sell the iPhone.

With iPad having launched after the close of the quarter, there were few new details on how it is selling, however, Oppenheimer did say that Apple is "extremely pleased" with sales so far, while Cook said they have "far exceeded our expectations". He denied that Apple is struggling to produce enough iPads for its roll-out plans though.

"We have done very well versus our planned capacity. There is not a production problem. It is sort of a good kind of issue to have that the demand in the US was much, much stronger than we predicted."

Cook was also bullish about the competition the iPad faces from netbooks. "I can’t think of a single thing the netbook does well. iPad does so many things very, very well."