Here are your Apple rumors and news items for Thursday:
Blowout: It will never end. Apple’s (NASDAQ:AAPL) rise continues unabated following its first-quarter profit that was fueled by powerful sales in every one of the company’s divisions. iPhone sales came in just above expectations with 18.7 million sold, Mac sales totaled 3.8 million (up 28%, thanks to the popularity of the new MacBook Air), and although sales of the iPod declined 17%, Apple still managed to sell 9 million of them. The only disappointment was, as predicted by Asymco’s Horace Dediu, iPad sales, which were hindered by supply chain problems. Apple was expected to sell as many as 8 million iPads but sold fewer than 4.7 million during the quarter.
No Quake Effects: Despite what many will consider low sales for the iPad 2 despite a widely touted March release, Apple Chief Operating Officer Tim Cook said the crisis in Japan did not cause significant supply problems for the company. Cook said during the company’s earnings conference call that the earthquake and tsunami affected product sales more than supply. The company adjusted its revenue guidance for its current quarter down $200 million to reflect the lower sales.
2.2 Million: While not quite on track to sell the 25 million iPhones William Power said it could, the Verizon (NYSE:VZ) iPhone did have a strong debut in the opening quarter of 2011. Between its release on Feb. 10 and March 26, Verizon activated 2.2 million iPhones on its network. AT&T (NYSE:T) outperformed Verizon, activating 3.6 million new iPhones over the quarter, but AT&tT obviously benefitted from more than a month of lead time.
As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.