Apple Reports Q2 2011 Results

Apple has announced their second quarter financial results for 2011, which (as expected) have broken records from previous years. Apple posted $24.67 billion in revenue and a net profit of $5.99 billion, a 83 and 95 percent growth respectively from the year-ago quarter.

Apple sold 18.65 million iPhones during the second quarter, a 113% growth, but only 9.02 million iPods, a 17% decline. 4.69 million iPads were sold, but supply chain issues may have bottlenecked sales. All in all, Apple is doing great, and only expects to do even better in the months to come.

“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.”


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