Apple sells 17 million iPads, 26 million iPhones in ... - Know Your Cell

Apple posted another strong quarter, as the company's third-quarter earnings included $8.8 billion in profits, thanks to steady sales of the iPad and iPhone.?

The company led its press release with the news that it sold 17 million iPads for the quarter, which is a whopping 84 percent increase from the same quarter a year ago. With a boosted processor and a Retina Display, the new iPad is quite an appealing device.?

Apple also sold 26 million iPhones for the period, a 28 percent increase from the same period last year. This is down from the 35 million iPhones it sold last quarter, and this figure includes the iPhone 4S, iPhone 4 and the iPhone 3GS.

While it may have missed some analysts' expectations, Apple made a ton of money for this quarter and it is prepared to have successful future quarters, thanks to its mobile products. The rumors?suggest it will be introducing a 7-inch iPad mini in September and that could provide a strong boost to its tablet business.?

Apple is also planning to have the next-generation iPhone later this year and the so-called iPhone 5 is expected to have a redesigned form factor and 4G LTE. Apple generally has a massive quarter when the new iPhone comes out and we expect that trend to continue later this year.?

The competition is going to be stiff, though, as Apple has proven that there's a real tablet market and the competition has its knives out. The Nexus 7 is a fantastic tablet that is already seeing overwhelming demand?and Microsoft's Surface tablet is very, very promising.?

On the smartphone side, the Galaxy S3 has already sold 10 million?units in two months and that potentially removes some iPhone 5 customers. We're also cautiously optimistic about the coming Windows Phone 8 devices, especially the ones from Nokia.

[Via Apple]

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Source: http://www.knowyourcell.com/news/1502156/apple_sells_17_million_ipads_26_million_iphones_in_q3.html

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