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Apple Q2 2011: $24.67B Revenue, 18.65M iPhone & 4.69M iPad Units Sold

Apple has declared the results for its fiscal second quarter Wednesday after. The financial results shows earnings of $6.4 per share on $24.67 billion in revenue which is less than the predicted numbers of Wall Street Analysts, $5.35 per share on $23.27 billion in revenue.

Apple CampusThe company reveals that it sold 18.65 million iPhone units in the 2nd fiscal quarter, 4.69 million iPad units and 3.76 million Macintosh computers. The company’s gross margin was 41.4%.

The overall picture looks good but the iPod sales declined 17% as compared to last year 2nd quarter, with 9.02 million units sold.

Looking forward to the next quarter, Apple is predicting earnings per share of $5.03 on $23 billion in revenue. It isn’t clear from Apple’s filing what the projected impact from the devastation in Japan will have on Apple’s upcoming product announcements.

Official Press Relase Excerpts

Apple® today announced financial results for its fiscal 2011 second quarter ended March 26, 2011. The Company posted record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share. These results compare to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter. Gross margin was 41.4 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.


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Apple sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 percent unit growth over the year-ago quarter. Apple sold 9.02 million iPods during the quarter, representing a 17 percent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter.

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

“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $5.03.”

 

Apple Q2 2011 Unaudited Summary DataQ2 Apple Financial 1024x572

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