Yeah, the iPhone is Apple’s champ right now.
Apple recently reported their second-quarter financials. According to a recent press release issued by Apple, they are reporting 83 percent revenue growth, 95 percent profit growth and the freakin’ iPhone is still selling. In fact, the sales grew 113 percent year-over-year. Hit the jump to see it by the numbers.
In the second quarter ended March 26, 2011:
– $24.67 Billion revenue, setting a Q2 record for the company.
– Q2 net profit of $5.99 billion or $6.40 per diluted share.
– 3.75 million Macs sold (28 percent up)
– 18.65 million iPhones (113 percent up)
– 9.02 million iPods (17 percent down)
– 4.69 million iPads
Looks like they are doing okay. Take a look at the press release below for the official word by Apple.
Record March Quarter Drives 83 Percent Revenue Growth, 95 Percent Profit Growth
Record iPhone Sales Grow 113 Percent
CUPERTINO, California‚Äö√Ñ√ÆApril 20, 2011‚Äö√Ñ√ÆApple¬¨√Ü 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‚Äö√Ñ√¥s revenue.
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.
‚Äö√Ñ√∫With quarterly revenue growth of 83 percent and profit growth of 95 percent, we‚Äö√Ñ√¥re firing on all cylinders,‚Äö√Ñ√π said Steve Jobs, Apple‚Äö√Ñ√¥s CEO. ‚Äö√Ñ√∫We will continue to innovate on all fronts throughout the remainder of the year.‚Äö√Ñ√π
‚Äö√Ñ√∫We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,‚Äö√Ñ√π said Peter Oppenheimer, Apple‚Äö√Ñ√¥s CFO. ‚Äö√Ñ√∫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.‚Äö√Ñ√π
Apple will provide live streaming of its Q2 2011 financial results conference call beginning at 2:00 p.m. PDT on April 20, 2011 at www.apple.com/quicktime/qtv/earningsq211. This webcast will also be available for replay for approximately two weeks thereafter.