Apple Q2 Results: Drives 83 Percent Revenue Growth, 95% Profit Growth; iPhone Sales Grow 113%

Apple announced financial results for its fiscal 2011 Q2 ended March 26, 2011."The Company posted record Q2 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, […]

Apple announced financial results for its fiscal 2011 Q2 ended March 26, 2011.

"The Company posted record Q2 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. Gross margin was 41.4% compared to 41.7% in the year-ago quarter. International sales accounted for 59% of the quarter's revenue."

  • Apple sold 3.76 million Macs during the quarter, a 28% unit increase over the year-ago quarter.
  • The Company sold 18.65 million iPhones in the quarter, representing 113% unit growth over the year-ago quarter.
  • Apple sold 9.02 million iPods during the quarter, representing a 17% unit decline from the year-ago quarter.
  • The Company also sold 4.69 million iPads during the quarter.

"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."

[Source: Apple Press]