“Apple Inc earned gross margins of 49 to 58 percent on its U.S. iPhone sales between April 2010 and the end of March 2012, while gross margins on the iPad were much lower during much of that period, according to a court filing,” Dan Levine reports for Reuters.

“The information was revealed on Thursday in a freshly unsealed statement from an Apple expert witness, filed in the company’s patent battle against Samsung Electronics Co Ltd.,” Levine reports. “Between October 2010 and the end of March 2012, Apple had gross margins of 23 to 32 percent on its U.S. iPad sales, which generated revenue of more than $13 billion for Apple, the filing said. Apple does not typically disclose profit margins on individual products.”

Levine reports, “U.S. iPhone sales between April 2010 and the end of March 2012 generated revenue of more than $33 billion for Apple.”

Read more in the full article here.

[Thanks to MacDailyNews Readers "Fred Mertz" and "Dan K." for the heads up.]