Apple is on a sales surge that’s surprising even the most conservative business experts.
The Cupertino, California company is reporting a near-doubling of revenue in the fiscal third quarter thanks to strong sales of the iPhone and iPad. The company says customers took home more than 20-million iPhones during the quarter, surpassing analyst expectations by at least two million. The company also sold well over nine-million iPads and nearly four-million Mac computers. Other businesses can only wish to have Apple’s challenges when it comes to the iPad tablet computer. The company says demand continues to outpace supply in some markets.
Apple reports fiscal third-quarter revenue up 82-percent hitting over 28-and-a-half-billion dollars. Net income for the quarter that ended June 25th was over seven-point-three billion dollars. There is one major challenge coming for Apple. Steve Jobs, who founded the company in 1976 and who is credited with giving birth to so many successful products hasn’t been well. Many people don’t expect him to return to his leadership role.