Apple Q2 revenues hit US$24.6bn – sells 18.6m iPhones, 4.7m iPads

20 Apr 2011

Apple’s Q2 results are in and the tech giant recorded massive revenues of US$24.6bn and profits of US$5.9bn after selling 17m iPhones, 4.7m iPads, 9m iPods and 3.7m Mac computers.

“With quarterly revenue growth of 83pc and profit growth of 95pc, 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.”

Apple posted record second-quarter revenue of US$24.67bn and record second-quarter net profit of US$5.99bn, or US$6.40 per diluted share.

These results compare to revenue of US$13.50bn and net quarterly profit of US$3.07bn, or US$3.33 per diluted share, in the year-ago quarter.

Gross margin was 41.4pc compared to 41.7pc in the year-ago quarter. International sales accounted for 59pc of the quarter’s revenue.

iPhones up, iPods down

Apple sold 3.76m Macs during the quarter, a 28pc unit increase over the year-ago quarter.

The 35-year-old computer giant sold 18.65m iPhones in the quarter, representing 113pc unit growth over the year-ago quarter. Apple sold 9.02m iPods during the quarter, representing a 17pc unit decline from the year-ago quarter. The company also sold 4.69m iPads during the quarter.

“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over US$6.2bn,” said Peter Oppenheimer, Apple’s CFO.

“Looking ahead to the third fiscal quarter of 2011, we expect revenue of about US$23bn and we expect diluted earnings per share of about US$5.03.”

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years