Steve Jobs

Ahead of the live streaming of its Q2 2011 financial results conference call beginning at 2:00PM. PDT on April 20, 2011, Apple has announced record revenues for Q2 FY11 of $24.67 billion and record Q2 net profit of $5.99 billion. This is an astonishing 83 percent revenue growth and 95 percent profit growth. Gross margins dipped slightly from 41.7 percent last year’s quarter to 41.4 percent.

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

Apple sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 percent unit growth over the year-ago quarter. Apple also sold 9.02 million iPods, a 17 percent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter (which includes some iPad 2s).

Looking healthy Apple! My personal wish for Apple head honcho Steve Jobs to be just as healthy.

READ ALSO  iPad 2. Arriving in 25 More Countries this Friday.

Press release

Record March Quarter Drives 83 Percent Revenue Growth, 95 Percent Profit Growth

Record iPhone Sales Grow 113 Percent

CUPERTINO, California—April 20, 2011—Apple® today announced financial results for its fiscal 2011 second quarter ended March 26, 2011. The Company posted 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. Gross margin was 41.4 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

Apple sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 percent unit growth over the year-ago quarter. Apple sold 9.02 million iPods during the quarter, representing a 17 percent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter.

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

“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,” said Peter Oppenheimer, Apple’s CFO. “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.”

Apple will provide live streaming of its Q2 2011 financial results conference call beginning at 2:00 p.m. PDT on April 20, 2011 at www.apple.com/quicktime/qtv/earningsq211. This webcast will also be available for replay for approximately two weeks thereafter.

 

Tags:

  • Designer. Writer. Webhead. Tech geek. Twitter-addict. Apple. Animal lover. Steve Jobs groupie. Petrolhead. BMW. Porsche. Alfisti. Chelsea FC.

  • Show Comments (0)

You May Also Like

iPhone X Digi

iPhone X goes yellow, pre-order starting 17 November

Following announcements by Celcom, Maxis and U Mobile, Digi today announced that it will ...

Machines 12.12 sale

iPad Pro at half price and more at machines 12.12 online sale

Machines, the largest Apple Authorised Premium Reseller in Malaysia is holding its biggest sale ...

Maxis iPhone 5 Launch 3

[Launch] Scenes from Maxis iPhone 5 Launch, CapSquare KL

The launch proper of the Apple iPhone 5 by Maxis is currently on the ...

iOS7-download-fail

Some Users Reporting iOS 7 Download Errors, Here Are Alternative Ways to Update

Apple has made the latest major  iOS 7 update available globally today, September 18 ...