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

Discussion in 'Apple iPad News' started by Maura, Apr 20, 2011.

By Maura on Apr 20, 2011 at 4:48 PM
  1. Maura

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    iPadForums News Team

    Jun 7, 2010
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    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.

    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
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Discussion in 'Apple iPad News' started by Maura, Apr 20, 2011.

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