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