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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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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.

"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs

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