Apr 25, 2011

Apple beats estimates with Q2 earnings: $24.67 billion revenue, $5.99 billion profit

Apple just announced its earnings for the second quarter of the year, and it's once again beat estimates, with it reporting earnings of $6.40 a share, a total of $24.67 billion in revenue, and a net profit of $5.99 billion. As for the sales breakdown everyone's waiting for, Apple says it sold a whopping 18.6 million iPhones in the quarter (up 113 percent over the previous year, and ahead of estimates of 16 million), plus 4.69 million iPads (actually less than the expected 6.29 million, apparently due to supply issues), and 3.76 million Macs, which represents a 28 percent jump over the same quarter a year ago. Not surprisingly, iPods are the one area that continues to slow, with sales of 9.02 million representing a 17 percent decline over the previous year -- the iPod touch accounted for more than half of those sales. One other big bright spot for the company is the Asia Pacific region, where it saw revenue grow a staggering 151 percent year-over-year.

Interestingly, Apple isn't providing any specific sales numbers for the iPad 2 -- it's only saying that it sold every iPad 2 it could make in the quarter, and that it's working hard to get it into the hands of customers as fast as it can. It didn't add much more when pressed on the issue later during its earnings call either, with it only going as far as to say that the iPad has the "mother of all backlogs."

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1 comment:

  1. its all because of the indigenous mind of Steve Jobs :D



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