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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: I LOVE IT!
By tim851 on 4/21/2011 4:03:06 AM , Rating: 2
Wow, there are so many holes in your story.

Between 2000 and 2004 Apple's stocks didn't reach 18$, nevertheless drop to it. The only time Apple's stock ever dropped in that range was in the summer of 2000.

Steve Jobs came back to the helm in 1997. That was the time he burned the bridges with the clone makers.

In 2002 Apple introduced the all-white iMac G4, a year before came the all-white iBooks. No colory plastic anymore.
The iPod was released in 2001.

The only thing about your story that seems to fit is that you didn't get rich on Apple stocks...


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