Apple today announced financial results for its fiscal 2011 second quarter ended 26 March 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 per cent compared to 41.7 per cent in the year-ago quarter. International sales accounted for 59 per cent of the quarter’s revenue.
Apple sold 3.76 million Macs during the quarter, a 28 per cent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 per cent unit growth over the year-ago quarter. Apple sold 9.02 million iPods during the quarter, representing a 17 per cent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter.
“With quarterly revenue growth of 83 per cent and profit growth of 95 per cent, 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 sold 3.76 million Macs during the quarter, a 28 per cent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 per cent unit growth over the year-ago quarter. Apple sold 9.02 million iPods during the quarter, representing a 17 per cent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter.
“With quarterly revenue growth of 83 per cent and profit growth of 95 per cent, 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”.
