Macs, iPhones sweeten Apple's 2Q
CUPERTINO, Calif. -- Apple reported a record second-quarter net profit of $5.99 billion, or $6.40 per diluted share, and revenue of $24.67 billion, thanks to strong sales in Macs, iPhones and iPads. These results compare with net quarterly profit of $3.07 billion, or $3.33 per diluted share, and revenue of $13.5 billion, in the year-ago quarter. International sales also helped boost profits, as they accounted for 59% of the quarter’s revenue, the company reported.
Apple said it sold 3.76 million Macs during the quarter, a 28% unit increase over the year-ago quarter. The company sold 18.65 million iPhones in the quarter, representing 113% unit growth over the year-ago quarter. The company also sold 4.69 million iPads during the quarter.
One area in which the company struggled was in iPod sales. Apple said it sold 9.02 million iPods during the quarter, representing a 17% unit decline from the year-ago quarter.
“We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion,” said Peter Oppenheimer, Apple’s CFO. “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.”