iPhone sales grow 113%

closeThis article could be out of date, as it was published 2 years 11 months 29 days ago.

Apple has announced its financial results for its fiscal 2011 second quarter, which ended March 26th, 2011.

The firm said the record quarter saw 83% revenue growth, 95% profit growth and record iPhone sales growth of 113%.

Apple posted record second quarter revenue of US$24.67 billion and record second quarter net profit of $5.99 billion, or $6.40 per diluted share.

These results compare very favourably to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter.

Gross margin was 41.4 percent compared to 41.7 percent in the year-ago quarter and international sales accounted for 59% of the quarter’s revenue.

Apple sold 3.76 million Macs during the quarter, a 28% unit increase over the year-ago quarter.

18.65 million iPhones were shifted in the quarter along with 9.02 million iPods, which represents a 17% decline from the year-ago quarter. Who needs an iPod when you’ve got an iPhone?

The company also sold 4.69 million iPads during the quarter.

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

Hopefully that’s a hint new products will be announced later this year.

Reuters is reporting that iPhone 5 will have a faster processor and begin shipping in September.

Follow Us
on Google+
Sponsored

Review: Galaring G1 NFC Ring

NetGuide In 2013, a Kickstarter campaign to fund the first NFC ring was started by John McLear, a British inventor / entrepreneur. It was massively oversubscribed, with funding reaching 8X the amount asked for.   Read More →

Review: Pebble Smartwatch

NetGuide The Pebble Smartwatch was originally created from a Kickstarter campaign. It’s just released the Pebble Steel with orders outstripping supply. Is wearable technology really where it’s all going?   Read More →