Lin Yuan
UCR Extension
1200 University Avenue, Riverside, CA, 92507
Phone:312-623-9399
Email:[email protected]
On July 18th, market research firm ChangWave Research data shows that in the next
90 days, iPhone is still the first choice of smartphone. And at the same day, the
United States Consumer Electronics Association (CEA) released a report said that
Apple iPad tablet PC sales in this year will reach 26.5 million units, up to $14 billion
total revenue.
On July 20th, Apple announced third-quarter report in 2011 and both the revenue
and earnings per share surpassed analysts’ expectation.
During the third quarter, Apple’s revenue increased to $28.57 billion, net profit is
73.1 billion, the earnings per share is $7.79. In the third quarter of 2011, Apple’s
gross profit margin was 41.7%, compared to 39.1% last year. Overseas sales
accounted for 62% of revenues. Both of the CEO and the CFO of Apple are very