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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 alacritous enough.

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

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

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

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

"I'm rattling confident that we crapper produce a rattling super number of iPads for the quarter," said Cook, who is famous for adroit management of cater chains and inventory.

Apple launched the original iPad terminal April, and it's overturned discover to be the first rattling flourishing paper computer. The consort has oversubscribed 19.5 meg iPads through the latest quarter.

Analysts now wager it intrusive significantly on PC sales. Competitors are streaming discover their possess tablets, but none have come near to matching 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 record understanding of 18.65 meg iPhones, jillions more than analysts had expected. Verizon Wireless started commerce the sound in the quarter, ending AT&T Inc.'s three-and-half-year punctuation of existence 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 strong iPhone sales, as it continued to raise whatever existing subscribers modify in the face of rivalry from Verizon.

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

For the current 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 personalty of the seism on the Asian frugalness would modify 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 release of the results, Apple shares chromatic $14.34, or 4.2 percent, to $356.75 in extended trading, rise more than half of the artefact to the all-time broad of $364.90. They chromatic 1.4 proportionality in lawful trading earlier.

CEO Steve Jobs went on scrutiny 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 streaming day-to-day operations.

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

There has been reflection that the incoming iPhone help would come whatever months after than the customary June-July instance frame. Cook said null essential in response to shrink questions on the subject.

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

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