Apple FY11 Q2 financials - "We sold every iPad 2 we made during the quarter"
Summary: Highlights: Record March quarter, 83% revenue growth, 95% profit growth.
It's that time again - Apple announces its 2011 Q2 earnings.
Highlights: Record March quarter, 83% revenue growth, 95% profit growth.
Here are the numbers:
- Record second quarter revenue of $24.67 billion (compared to $13.50 billion year-ago quarter) - Above expectation
- Gross margin was 41.4% (compared to 41.7% year-ago quarter)
- International sales accounted for 59%
- 3.76 million Macs sold (28% unit increase compared to year-ago quarter) - Above expectation
- 18.65 million iPhones sold (113% unit increase compared to year-ago quarter) - Above expectation
- 9.02 million iPods sold, with iPod touch accounting for more than 50% of sales (17% unit decline compared to year-ago quarter) - Below expectation
- 4.69 million iPads sold - Below expectation (numbers floated were in the 5.5 to 6.2 million range, but there's not much to go on to know what to expect - I wonder if the earthquake/tsunami in Japan didn't affect Apple's ability to keep up with demand ... ?)
- Oppenheimer: "We sold every iPad 2 we made during the quarter."
- iTunes revenue hit $1.63 billion
- 20th consecutive quarter where Mac sales has outpaced PC sales
- Over 100 million books in the iBooks store
- 88% of the Fortune 500 are testing/deploying the iPhone
UPDATE: COO Tim Cook Says that the tragedy in Japan did no cause any material impact to component supply or costs in FY11 Q2 and don't expect problems in Q3, although there are some risks going forward as the situation is unpredictable, but contingency plans are in place.
Obligatory quotes:
"Steve Jobs, Apple's CEO: 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."
Peter Oppenheimer, Apple's CFO: "We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion. 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."
Charts for the visual of you out there:
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Talkback
RE: Apple FY11 Q2 financials
RE: Apple FY11 Q2 financials
3.76 million Macs sold!! that's more computers running MAC in 1 quarter than LINUX desktops in the last 10 years LOL
Edit: sorry, I miscalculated: Interestingly, both desktop and portable Macs
RE: Apple FY11 Q2 financials
Maybe I'm missing something. Which table shows Mac getting pricier?
No, I miscalculated, sorry
EDIT: thanks for fixing//Adrian, you iPad cumulative sales are wrong
iPad cumulative sales are 19.4 million, not 16 million.<br><br>(Obviously, the first quarter of iPad's sales somehow got excluded from your data.)
RE: Apple FY11 Q2 financials
iPods NOT iPhones. You've listed iPhones twice, and that is incorrect.
RE: Apple FY11 Q2 financials
Typo
I believe you meant to say iPods, not iPhones.
RE: Apple FY11 Q2 financials
I guess all the excitement got to you
:)
It IS exciting.... Just when you think it
can't get any better for Apple... It does:P
Pagan jim
Well, I do watch and gauge when is the best time to sell
Today's not the time :)
Sorry for the typo ...
RE: Apple FY11 Q2 financials
A great result
What other competitor would that be?
Pretty open-ended statement. HP? Dell? Acer?
RE: Apple FY11 Q2 financials
Given verizon?s numbers today, I think it is safe to say that Apple has activated more iPhones on <b>One carrier in One Country</b> than The total for WP7SOS phones worldwide since its launch.
RE: Apple FY11 Q2 financials
Mac sales outpace PC sales??