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Apple Reports $24.67 Billion in Q2 Revenue

By - Source: Apple | B 29 comments

Apple has joined Google and Intel in reporting financial results for the quarter just finished.

Apple this week posted earnings for the company’s fiscal year 2011 second quarter (ended March 26) and reported record growth in revenue and profit. The company reports FY2011 Q2 revenue of $24.67 billion and net profits amounting to $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 same period last year.

“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Apple CEO Steve Jobs. “We will continue to innovate on all fronts throughout the remainder of the year.”

Comparing this quarter to the same one in 2010, Apple saw a 28 percent increase in Mac sales, and 113 percent increase in iPhone sales (no doubt the addition of the Verizon iPhone helped things along nicely). Only iPod sales were less than stellar, declining 17 percent compared to last year. Unit sales for Macs, iPhones, and iPods were 3.76 million, 18.65 million and 9.02 million respectively.

Apple expects the next quarter to bring revenue of $23 billion and diluted earnings per share of about $5.03

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  • 2 Hide
    JohnnyLucky , April 21, 2011 11:46 PM
    Both the gross revenue and the net profit are double Intel's quarterly revenue and profit.
  • 4 Hide
    EXT64 , April 22, 2011 12:05 AM
    Yep, I noticed that too. Its because Intel spends their money on engineering and research, not marketing.
  • -1 Hide
    deadlockedworld , April 22, 2011 12:36 AM
    The reason Apple is where it is today is because of how much they invested in R+D in the past -- (from the apple newtwon and imac to the ipad and laser cut aluminum macbook) and such while other companies were busy fighting price + clock speed wars.
  • 0 Hide
    Anonymous , April 22, 2011 12:38 AM
    You think the long term shareholders care?
  • -1 Hide
    ta152h , April 22, 2011 3:24 AM
    I'm glad Steve Jobs was well enough to be part of the earnings.

    Comparing Apple to Intel is silly. Anyone with half a brain would rather own Intel than Apple. Intel owns the microprocessor market, because they are the best. Their manufacturing is the best in the world, and has been for a very long time, and is essentially insurmountable. They can not be copied. Their designs are also superb, and would require enormous amounts of money to even compete against.

    Apple's got a cute style that's easy to copy. They own nothing, and have to keep coming up with brilliantly conceived ideas that realize a market no one thought of. Give them their due, they've done it exceedingly and shockingly well the past several years, but what about before that? What happens if they misfire, and other companies catch or surpass them? We already see a lot of competition in the tablet market, and Android phones getting more and more attractive.

    When someone says what's next for Intel, you look at a progressive history of success, and a future that looks unassailable. When you look at Apple, you look at a choppy past, a brilliant present, and a fragile and uncertain future. In five years, do you think Apple will still be double what Intel is? I surely do not. Apple would scare me to death to invest in. They are much more susceptible to mistakes. Intel has made them forever, without much impact at all, because their strengths are so formidable. Apple? They almost went out of business in the 90s.

    Also, Intel has one major enemy, and it's a weakling (AMD). They have many allies. Apple has one major ally (Intel), and many formidable enemies.
  • 1 Hide
    tsnorquist , April 22, 2011 3:55 AM
    Good to see they track their revenue as closely as they track they iPhone customers =P
  • 1 Hide
    Ragnar-Kon , April 22, 2011 4:06 AM
    EXT64Yep, I noticed that too. Its because Intel spends their money on engineering and research, not marketing.

    I think you underestimate the cost of marketing.

    And TA152H is more or less right. However, I can tell you right now that I ain't complaining about owning the Apple stock that I bought back in in the mid-90s. Though I will say that I'm rather tired to watch my stock value vary so wildly based on Jobs' personal health.

    But, yes, its true Apple's ultra-popular gadgets won't carry them on forever. But, I think one of the ways they can have long term success is to find a way to get into the enterprise/business market. So far their attempts at that have largely failed (ie. the Xserve).
  • -1 Hide
    smeker , April 22, 2011 4:30 AM
    wasabiman123+1 Apple is all show and pretty labby chassis and a marketing genius in charge of their company Steve Jobs is a lalalalalaing genius, you can't deny that, no one has that much power of manipulating a population ever...

    You are a sad little man....
  • 0 Hide
    jwl3 , April 22, 2011 5:50 AM
    Goes to show how inflated Apple products' prices are. Ratio of income to revenue is almost 25%. And that includes overhead, mgmt salary, depreciation of equipment, factories, R&D, marketing, etc. Those ipads and ipods must cost 20 cents on the dollar to manufacture.
  • 0 Hide
    starryman , April 22, 2011 5:55 AM
    No recession over there at Apple.
  • -1 Hide
    bloodlover , April 22, 2011 7:23 AM
    Milk the Iphone/Ipad while you can... This won't last forever. I really hope people one day will get passed all the shiny NOTHING that Apple provides and look at serious companies and products in the same area.
  • 0 Hide
    Ragnar-Kon , April 22, 2011 7:44 AM
    JWL3Goes to show how inflated Apple products' prices are. Ratio of income to revenue is almost 25%. And that includes overhead, mgmt salary, depreciation of equipment, factories, R&D, marketing, etc. Those ipads and ipods must cost 20 cents on the dollar to manufacture.

    I bet you the vast majority of their income is from iTunes.
  • 0 Hide
    virtualban , April 22, 2011 8:13 AM
    And yet the Apple's contribution to Japan crisis was a delay in the launch of iPad 2... hmm...
  • -1 Hide
    tony singh , April 22, 2011 8:41 AM
    A company selling overly expensive products which all their buyers know & making $24670000000 in an quarter .... tech world is really strange ;) 
  • 0 Hide
    andy5174 , April 22, 2011 2:18 PM
    Thanks to idiots buying insanely overpriced i-products
  • 0 Hide
    pale paladin , April 22, 2011 2:47 PM
    APPLE = marketing and aesthetic shinnies.
    INTEL/AMD = Real innovation and development.

    APPLE= has only been truly successful riding the wave of Intel innovation and architecture. Try to argue that FanBoys. PowerPC = FAIL

    In addition I feel that OSx is a very good operating system and Apple spent ample time developing and fine tuning it but iOS is not at all in good in comparison to Android.

    Hackintosh on a INTEL\AMD ftw.
  • 0 Hide
    scuba dave , April 22, 2011 2:51 PM
    Good job Apple.
  • 0 Hide
    zkevwlu , April 22, 2011 4:45 PM
    bloodloverMilk the Iphone/Ipad while you can... This won't last forever. I really hope people one day will get passed all the shiny NOTHING that Apple provides and look at serious companies and products in the same area.


    You still don't get it. Apple's success has been about capturing the market of non-techsavvy consumers. They're the first company in the whole damn world who developed products with considerations of ease of use in mind. People pay a premium for Apple products because of the stability and simplicity of their software. Say what you want, but that's smart business.

  • 1 Hide
    fyend , April 22, 2011 6:03 PM
    zkevwluYou still don't get it. Apple's success has been about capturing the market of non-techsavvy consumers. They're the first company in the whole damn world who developed products with considerations of ease of use in mind. People pay a premium for Apple products because of the stability and simplicity of their software. Say what you want, but that's smart business.


    Nah its the illusion of ease of use that the marketing team uses to win over the sheeple. What is this business with having to activate your ipad/pod with a computer running Itunes? What if you bought it while you were on a trip and didn't have your laptop with you. Hmmm guess you'd have to wait till you got home to actually use it. Very convenient for the customer....
  • -1 Hide
    scuba dave , April 22, 2011 8:26 PM
    FyendNah its the illusion of ease of use that the marketing team uses to win over the sheeple. What is this business with having to activate your ipad/pod with a computer running Itunes? What if you bought it while you were on a trip and didn't have your laptop with you. Hmmm guess you'd have to wait till you got home to actually use it. Very convenient for the customer....


    Oh yes, lets point out one "clouded" facet and make the tremendous claim that the whole thing is stupid. Not to mention your example is pretty stupid to begin with.. They tell you what is required to use the item, no matter how cheap(relative to apple products). Heck, I bought a simple nano-touch this past weekend, and the rep made sure I knew what I needed to use the item (itunes version, and had a compatible computer).

    Also, as Apple products themselves tend to be a little more expensive.. If you honestly didn't do any research before buying.. Can you really complain? That, would not be Apples fault. But the customers.
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