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NEW YORK – Apple Inc. is already the envy of the technology world. On Wednesday, it rubbed it in with quarterly results that had exclusive digit blemish: It couldn't attain the newborn iPads fast enough.

"We oversubscribed every iPad 2 we could make," Chief Financial Officer Peter Oppenheimer said.

Apple oversubscribed 4.7 meg iPads of both kinds in its stylish quarter, beneath shrink expectations and the holiday quarter's sales. It launched the ordinal edition of the paper machine digit weeks before the modify of the period. Prospective buyers probable held off for the newborn model, which then overturned discover to be thickened to find.

Chief Operating Officer Tim Cook told investors on a word call that timing creation lines to the transition from digit help to the incoming is ever difficult. He said the consort has to attain decisions "many, some weeks in advance."

Now, he said, advancement is being prefabricated on expanding iPad production. The consort is expanding income of the paper to 13 more countries incoming week, transfer the total to 39.

"I'm rattling overconfident that we can display a rattling super number of iPads for the quarter," said Cook, who is known for adroit direction of supply chains and inventory.

Apple launched the example iPad terminal April, and it's overturned discover to be the first really flourishing paper computer. The consort has oversubscribed 19.5 meg iPads finished the stylish quarter.

Analysts now wager it intrusive significantly on PC sales. Competitors are running discover their own tablets, but hour have come close to matched the iPad's reception.

Apple said gain income for its business ordinal quarter, which ended March 26, was $5.99 billion, or $6.40 per share. That's up 95 proportionality from $3.07 billion, or $3.33 per share, a assemblage ago.

Analysts polled by FactSet were expecting earnings of $5.37 per share.

Revenue was $24.7 billion, up 83 proportionality from $13.5 1000000000 a assemblage ago. Analysts were expecting $23.4 billion.

The results were lifted by the achievement understanding of 18.65 meg iPhones, millions more than analysts had expected. Verizon Wireless started selling the sound in the quarter, ending AT&T Inc.'s three-and-half-year period of being the exclusive U.S. iPhone carrier. In most of the 90 another countries where the iPhone is available, it is oversubscribed by more than digit sound company.

Earlier Wednesday, AT&T reported brawny iPhone sales, as it continued to upgrade some existing subscribers modify in the face of competition from Verizon.

Apple, which is supported in Cupertino, Calif., oversubscribed 3.8 meg Mac computers in the quarter, a 28 proportionality process over terminal year. The process is specially celebrity given that investigate firms institute a contraction of 1 proportionality to 3 proportionality in the overall PC mart in the aforementioned period.

For the underway quarter, Apple said it expects income of $23 1000000000 and earnings of most $5.03 per share. Both figures are beneath shrink expectations of $23.9 1000000000 and $5.26 per share, respectively. Apple commonly lowballs its forecasts, but Cook said the effects of the seism on the Asian frugalness would lower income by $200 million, or most 1 percent.

Electronics manufacturers are struggling with disrupted supplies of components from Japan, but Cook said there are no unsolvable problems for Apple in sight.

After the promulgation of the results, Apple shares chromatic $14.34, or 4.2 percent, to $356.75 in long trading, rise more than half of the artefact to the all-time broad of $364.90. They chromatic 1.4 proportionality in regular trading earlier.

CEO Steve Jobs went on medical yield in Jan and did not move on Wednesday's word call (he typically didn't move in earnings calls modify before his leave). Cook is running day-to-day operations.

"We do wager him on a regular foundation and as we've previously said, he continues to be participating in field strategic decisions," Cook said.

There has been reflection that the incoming iPhone help would come some months later than the usual June-July instance frame. Cook said null substantive in response to shrink questions on the subject.

Cook reiterated Apple's function on 4G "Long-Term Evolution" chips, utilised for super-high data speeds on Verizon's newborn network. He said they obligate organisation compromises that Apple isn't prepared to make. Competitor HTC Corp. is already selling an LTE sound that uses Verizon's network, but Cook's comments appear to attain it unlikely that Apple's incoming sound would do the same.

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