Apple’s Q2 profit soars


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.”




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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