Apple Reports Quarterly Growth of 83 Percent and Profit Growth of 95 Percent

[Maura]

Apple has today published its second quarter financial results, posting record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share. These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter.

Apple reports that it sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter, 18.65 million iPhones, representing 113 percent growth, 9.02 million iPods, representing a 17 percent unit decline, and 4.69 million iPads.

“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,†said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.â€

Apple is currently holding its financial results conference call following the announcement of the results. MacRumors is updating its site with highlights from the conference call, which include the news that Apple sold every iPad 2 that it made in the quarter, which explains the slightly lower than expected iPad sales figures, and that overall the results represent Apple’s best ever non-holiday quarterly revenue.

Source: Apple, Apple Reports Best Non-Holiday Quarter Ever With $5.99 Billion Profit for Q2 2011 - Mac Rumors

 

[DontUnderstandMyIpad]

Should have bought Apple shares instead of two iPad's.

 

[OUTL4W]

I bet olè nolan bushnell is kicking himself in the ass for not partnering with jobs...

 

[ipaduser434]

I'm more interested in the second quarter report for the iPad sales, since generation two wasn't introduced until March 11.

Amazing numbers, though.

 

[Fifi1992]

Wow.