Apple’s Q2 profit soars

Life

21 April 2011

Apple’s revenue and profit soared in its fiscal second quarter ended 26 March, buoyed by strong iPhone sales, the company said.

Apple reported a net profit of $5.99 billion for the quarter, growing from the $3.07 billion reported a year earlier. The company reported earnings per share of $6.40.

The company reported revenue of $24.67 billion, compared with $13.50 billion in the year-earlier quarter. Analysts polled by Thomson Reuters had expected revenue of $23.38 billion for the second quarter.

“With quarterly revenue growth of 83% and profit growth of 95%, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO, in a statement. “We will continue to innovate on all fronts throughout the remainder of the year.”

 

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In addition, Apple shipped 4.69 million iPads during the quarter, compared with 7.33 million iPads sold in the previous quarter.

Macintosh computer shipments totalled 3.76 million, growing 28% year over year. However, iPod shipments declined by 17%, totalling 9.02 million during the quarter.

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