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Apple continues its upwards march in the consumer electronics business

It's should come as no surprise that Apple's latest earnings announcement once again exceeded all expectations. Apple has been on a roll quarter after quarter, and its Q2 earnings were no exception. 

The company today announced record fiscal Q2 revenue of $24.67 billion USD and a net profit of $5.99 billion USD. Those numbers are far ahead of Q2 2010 when Apple reported revenue of $13.5 billion USD and net profit of $3.07 billion USD. 

Apple witnessed a 28 percent year-over-year growth in Mac sales to 3.76 million units while iPhone sales grew 113 percent to 18.65 million units during the quarter. Apple's newest booming business sector, the iPad, had sales of 4.69 million units. 

If there was a lone cloud in Apple's sunny report, it was the fact that iPod sales were down 17 percent to 9.02 million units compared to last year.

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

Apple's iPhone numbers were no doubt helped by the addition of Verizon as the second carrier in the United States, and Apple's new iPad 2 was launched during the fiscal second quarter.

Apple is rumored to be readying a revamp of its popular iMac family and the next generation iPhone is set to make its debut in September.

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18 million suckers
By Paulywogstew on 4/20/2011 5:44:27 PM , Rating: 2
There's a sucker born every minute 18.65 million to be exact

RE: 18 million suckers
By ussfletcher on 4/20/2011 5:46:45 PM , Rating: 2
No, that would be more like ~35 a minute.

RE: 18 million suckers
By istitch on 4/20/2011 5:55:09 PM , Rating: 2
No, that would be more like ~ 140 a minute.

RE: 18 million suckers
By Tony Swash on 4/20/11, Rating: 0
RE: 18 million suckers
By B3an on 4/20/11, Rating: -1
RE: 18 million suckers
By Tony Swash on 4/20/2011 7:46:01 PM , Rating: 1
You have to remember that it's pretty much a fact 1 in 3 people are mentally retarded. So i wouldn't be surprised if this Apple trend continues, as it's still nowhere near 1/3 people owning an Apple product. We all know which side you fit into Tony.

At the same time the other 2/3 of people are becoming more and more aware of how much a disgusting company Apple and it's messiah Jobs are. No matter what site you go to (apart from any Apple fan site of course) you will see more and more bad comments about Apple.

Do you realise what an adolescent dick you sound when you talk about one in three people being mentally retarded?

Do you really believe such tosh?

Spouting weird defensive gibberish won't change the real world, or explain it.

RE: 18 million suckers
By retrospooty on 4/21/2011 8:01:20 AM , Rating: 2
1 in 3 people aren't retarded, its a slang term in use there. The reality is that 1 in 3 are really, really stupid . You know it, we all know it, and we all deal with them on a daily basis.

Just think how stupid the average person is... Now think, half of everyone is dumber than that guy. - George Carlin.

RE: 18 million suckers
By kmmatney on 4/21/2011 6:09:10 PM , Rating: 1
I travel a lot - and see a lot of iPads in the first class section. Hah! Hah! What a bunch of retards!

RE: 18 million suckers
By JediJeb on 4/21/2011 10:40:10 AM , Rating: 2
Every half second someone buys a piece of hardware that tracks their every move and stores the information for up to a year. I guess that old commercial about Apple destroying Big Brother back in the 80s was actually about them destroying it and taking its place.

RE: 18 million suckers
By hiscross on 4/20/2011 8:29:16 PM , Rating: 2
would like to meet one in person and say that to his/her face? Insulting people is easy on the internet. Bet you can't do it in person. BTW, if people who buy Apple or any product use their Own money, then it isn't any business of yours.

RE: 18 million suckers
By iluvdeal on 4/20/2011 9:17:29 PM , Rating: 2
So if only suckers buy from Apple, what exactly are those companies who use Apple as their R&D department and why is buying from those guys better? I'd rather support the companies who are guided by their own vision rather than those who just imitate others.

"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller

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