Apr 26 2014, 6:39am CDT | by Bijon Kumar Pramanik
Analysts had preciously expected Apple to announce $42 billion at the most, but this has surprised those who expected them to report less than the previous year. Included in that are 43.7 million iPhones, 4.1 million Macs, and 16.3 million iPads. This means they have improved in all areas except iPads.
Even with that drop in iPad sales, they are still reporting $10.2 billion in pure profit. That is adding to the already massive cash reserves that Apple has, which includes assets that are larger than the next three companies combined. This is good news for people who are hoping that Apple is going to be announcing even more products later on this year, although we’ll have to wait until the official conference to see what kinds of things they are going to be announcing.
Tim Cook announced along with their earnings that they are just as excited to be producing new products, which is expected to include the iWatch, larger iPhones in multiple size options, and even new iPads if they can overcome the supply issues that they are rumored to be facing.
Bijon Kumar Pramanik
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.
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