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Wednesday, July 21, 2010

iPad Sales Break $2 Billion!


Holy cow! Talk about raking in piles of the ole dough in super abundance on a product that didn't even exist a year ago!


In its just released third quarter earnings report, Apple indicates that it has sold 3.27 million iPads as of June 26. That translates to more than $2 billion in revenue for the company in a product category that didn’t even exist one year ago.

Putting that in further perspective, it’s more money than Apple brought in through sales of iPods ($1.5 billion) and a bit less than half of its revenue from iPhone ($5.3 billion). It also represents about two-thirds of MacBook sales ($3.0 billion), another interesting nugget in light of a market many are expecting to shift towards tablets.

Speaking of his company’s performance, CEO Steve Jobs said in a statement that “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4. iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

We’ll have more coverage of Apple’s earnings report in just a bit.

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