Apple Reports $24.67 Billion in Q2 Revenue

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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  • JohnnyLucky
    Both the gross revenue and the net profit are double Intel's quarterly revenue and profit.
  • EXT64
    Yep, I noticed that too. Its because Intel spends their money on engineering and research, not marketing.
  • deadlockedworld
    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.