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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 callmeroy on 4/21/2011 3:01:34 PM , Rating: 2
I don't get it.

Who's in anguish over apple being profitable?

I think their products are over priced - despite me having an Ipod Touch. I think Steve Jobs is a jack@$$.

But, its still good to hear they are doing well. Especially now..in this economy? I'm an American...Apple is an American company succeeding -- you can't put your immature bickering over consumer electronics products and who makes what aside to be happy a company is doing well?

That's jobs Apple is providing....likely with their profits...some very well paid jobs....that's taxes being paid...and likely like all corporations some charity or charities are getting donations from them throughout the year, etc.

Oh I still roll my eyes at why someone wants to pay so much for a laptop....but hey...its also not my money.


"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone














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