Apple reports 2011 Q2 earnings: $5.99b profit, Macs up 28%, iPhones up 113%, iPods down 17%

It’s happened again… Apple’s 2011 second quarter financial results are in and it’s another record-breaking one for the tech company. Apple posted a $5.99 billion profit on $24.67 billion in revenue.  Compare this to one year ago, that’s up from a profit of $3.07 billion on $13.5 billion in revenue.  Says CEO Steve Jobs: “With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders. We will continue to innovate on all fronts throughout the remainder of the year.”

Now let’s break it down by product category.  Apple sold 3.76 million Macs during the quarter (representing a 28 percent unit increase over the year-ago quarter); 18.65 million iPhones (representing a 86 percent unit growth); and 9.02 million iPods (representing an 17 percent unit decline).  It was specified that the company sold 4.69 million iPads during the quarter, and we can compare this total to the number of iPad sold in 2011 Q1: 7.33 million.

Looking ahead to the third quarter, Apple CFO Peter Oppenheimer expects revenue of about $23 billion and diluted earnings per share of about $5.03.

[Via Apple]

Leave a Reply

Your email address will not be published.