Apple had a massive second quarter results. But just how masive? Asymco puts Apple's incredible revenue growth in perspective in a graphcial format -- Apple grew revenues by 82% last quarter, which is unprecedented growth for a company of its size with $28.6 billion in quarterly revenues.
A glance at the following chart shows the anomalous performance: nearly all the growth in sales is coming from the iPhone and the iPad. In fact, 71% of Apple's sales and 78% of profits now come from iOS devices. And the iPad alone is cannibalizing Mac sales.
Apple's growth is accelerating. The second chart below shows growth rates for both sales and net income shooting upward for the past 7 quarters. While sales grew 82%, profits grew even faster at 122%. You'd expect to see that kind of growth from a small startup with a few million dollars in profits, not a tech giant with profits of $7.3 billion. Compared to the year before, Apple added $4 billion in profits alone.
As Idealab's Bill Gross asks, "Has there ever been a company in history that is this big and which has grown by this big of a percentage in only 1 year?"
What is truly astounding is that for the first time in the last 6 years, second quarter sales peaked higher than holiday sales in the fourth quarter. Every other peak is during the holidays, but the growth of Apple's new class of touch computing products helped push sales past that to "Super-seasonal performance," as Horace Dediu puts it on Asymco.