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Wednesday, April 20, 2011

Yet another record quarter for Apple

Apple has announced financial results for its fiscal 2011 second quarter today.

In the three-month period until 26th March 2011 the company sold 18.65 million iPhones, up 113% year-on-year, and 4.69 million iPads. It also sold 3.76 million Macs during the quarter (up 28%) and 9.02 million iPods (down 17%).

Quarterly revenue reached a record $24.67 billion (up 83%), with quarterly net profit hitting $5.99 billion (up 95%). Non-US sales accounted for 59% of the quarter’s revenue.

Peter Oppenheimer, Apple’s CFO, said “We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion. Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $5.03.”

[Q2 2011 summary (pdf)]

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Author: The Fonecast
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