Apple Releases Some Preliminary Sales for iPad in Lawsuit
Apple Inc. (AAPL), scheduled to disclose financial results tomorrow, released some preliminary sales numbers for the iPad tablet computer and iPhone in a lawsuit last week.
In an intellectual property complaint Apple filed on April 15 against Samsung Electronics Co., the company said it had sold more than 19 million iPads by March 2011. Based on unit sales in earlier quarters, that indicates at least 4.21 million iPads sold during the fiscal second quarter, less than the 6.1-million average estimate of 13 analysts compiled by Bloomberg.
Apple has had trouble keeping the iPad 2 in stock at stores since it was released on March 11. At the same time, iPhone sales may have exceeded estimates, based on figures in the lawsuit. The complaint says Apple had sold more than 108 million iPhones by March, which would mean at least 18 million sold in the second quarter, more than the 16.3 million estimated by analysts. Apple also said it had sold more than 60 million of its iPod Touch media players.
The lawsuit doesn’t say when in March the sales figures run through. The company’s second quarter ended on March 26. Steve Dowling, a spokesman for Cupertino, California-based Apple, declined to comment. Apple reports financial results tomorrow after U.S. markets close.
The computer maker’s iPhone became available on the Verizon Wireless network for the first time during the second quarter. In the quarter, analysts predict Apple will report profit of $5.03 billion on sales of $23.4 billion, according to the average of 35 estimates compiled by Bloomberg.
Apple rose $6.01, or 1.8 percent, to $337.86 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares have risen 4.7 percent this year.
The sales figures in the lawsuit were earlier reported by the website Asymco.com.