Apple sells record 17 million iPads in latest quarter

The company sells its most iPads ever in a single quarter.

Apple sold 17 million iPads in its latest quarter, an 84 percent increase from the year-ago period. The prior record for iPad sales was set during last year's December quarter, when Apple sold 15.4 million of the devices.

"We're thrilled with record sales of 17 million iPads in the June quarter," Apple CEO Tim Cook said in a statement. The company said growing sales to Fortune 500 companies helped boost results.

Sales of the iPad, which is Apple's second-biggest revenue generator behind the iPhone, totaled $9.2 billion. That made up more than 26 percent of Apple's $35 billion in sales.

This is the first full quarter Apple's latest iPad has been on sale. Analyst estimates on iPad sales had run the gamut, from Piper Jaffray's 16 million units to 20 million from Needham & Company. An average of 61 analysts' estimates compiled by Fortune earlier this month had put the consensus at about 18.75 million.

Apple had its briskest rollout ever with its latest iPad model. It launched in 10 countries in mid-March, expanding to 25 additional countries just a week later. Notably missing from this quarter's sales is the product's launch in mainland China, which began last week.

The path to Apple's iPad record. CNET and Apple

 

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