Just a day after the announcement of Steve Jobs’ leave of absence for medical reasons, Apple has posted its earnings for the fiscal quarter, and the revenue is over $26 billion. The company has ridden a hugely positive wave on iPad and iPhone sales, and the total number of iPad sold in less than one year is now nearly 15 million.
Jobs’ leave of absence might have hit the stock values of Apple’s shares, but this time around the timing of the announcement just before the release of these record earnings and the expected announcements of the iPhone 5 and iPad 2 are likely to help ease shareholder fears and prevent the value from dipping suddenly, the way it did in 2009, when Jobs took medical leave for a liver transplant.
During the quarter, Apple sold 7.3 million iPads, 16.2 million iPhones, 4.1 million Macs and 19 million iPods. While the iPad has sold at a remarkable rate, sales of iPhones are also up from the same time last year by as much as 86 per cent, and the upcoming launch of the iPhone on Verizon is likely to fuel a huge number of sales for the device as it finally leaves AT&Ts notoriously troubled network.
Whether the addition of millions of new users will significantly downgrade Verizon’s service, or if the lightening of load from smartphones, which eat up significant bandwidth, will improve AT&T’s network remains to be seen, but the one thing that is clear is that Apple is already on the rebound, following a bonanza of good news on the fiscal front.
iZone International: Steve Jobs takes medical leave of absence