iPhone sales grow 113%April 21 - 8am
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.