Apple posts record quarter on iPhone cuts

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Apple posted its best-ever June quarter on the back of a massive surge in first generation iPhone sales.

Apple said it shifted 717,000 first generation iPhones in the quarter ended June 30, compared to just 270,000 in the same period last year.

Combined with related accessories, iPhone sales generated revenue of $419 million for Apple.

The price of the original iPhone was slashed towards the end of the quarter, during May and June, in the UK, followed by other markets.

Apple chief executive Steve Jobs said: "We’re proud to report the best June quarter for both revenue and earnings in Apple’s history. We think we have a real winner with our new iPhone 3G, and we’re busy finishing several more wonderful new products to launch in the coming months."

Apple chief financial officer Peter Oppenheimer said: "We are also off to a good start with the 3G iPhone after its launch in 21 countries, selling one million in just three days. Customer response has been overwhelmingly positive.”

Overall Apple revenue rose by 38 per cent year on year and Apple also saw a big rise in footfall and custom in its retail stores, it said. Sales rose 58 per cent and traffic jumped by 10 million in the Apple stores.

 

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