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Apple posted net income of $9.5B for second quarter this year, and has reportedly earned a total of over $43B in revenue for the said quarter. This report comes possibly to prevent the AAPL stock from falling way below the $400-level. According to the report, some 19.5M iPads, 37.4M iPhones have been sold and we're not even half-way through the year yet.


Net income has dropped roughly $2.1B from the same quarter last year but the Company claims that they have actually sold more devices as compared to the same quarter last year. This report contradicts reports that the Company is already in trouble after Google, Samsung and even Microsoft have made strides in developing devices to compete with the iPhone and iPad.


Moreover, a big chunk of Apple revenue comes from the sale of applications, posting continuous growth at notable rate. Also, the Company reportedly is quite liquid as it has around $145B in cash, up from $121B same quarter last year. Clearly, the company is still on the roll.


Apple Press Release

 


 


Kind of sad for HTC, seeing it's earning drop quarter after quarter.  Taiwan's largest smartphone maker HTC, posted its lowest quarterly profit on record after the delay of its newest flagship phone caused revenue to miss the company's target.


The net income for HTC in the first quarter was just $2.8 million, a painful 98% drop compared to the year ago quarter. Still, any profit is better than a loss, so it's not all bad. Revenue for Q1 2013 was $1.4 billion, down 37% over the year ago quarter (which saw $470 million in net income).


HTC lost early momentum for its HTC One handset in February as a shortage of camera components forced it to delay shipments in key markets by as much as a month. Hopes for revenue rebound this quarter may be limited as the new device becomes widely available less than a month before Samsung's new Galaxy S4, which goes on sale in the U.S. on April 26.


Recently Facebook announced the Facebook Home device - the HTC First - which targets the social network's 1+ billion people with a Facebook-made launcher called Home.


Source: Bloomberg

 


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