Tuesday, May 10, 2011

Apple second-quarter profit reports

Apple released the second-quarter profit reports

Apple official said Wednesday that the second-quarter profits amount to $24.67 billion for the three-month period ended March 26, 2011, while its profits rosed nearly 95% to $5.99 billion.
In the year-ago quarter, the revenue is $13.50 billion and net quarterly profit is $3.07 billion, while the past quarterly gross margin was 41.4% compared to 41.7% of year-ago quarter. And international sales accounted for 59 percent of revenue.

“ We are firing on all cylinders with quarterly revenue growth of 83 percent and profit groth of 95 percent” said Apple CEO Steve Jobs.

Apple sold 3.76 million Macs during the quarter, a 28 percent unit increaseover the year-ago quarter, and just 400,000 units shy of last quarter’s all time best. However, the 18.65 million iPhones sold by the Cupertino-based company represented the handset’s best three-month stretch yet.

At the same time, iPods continued to wan, with Apple shipping just 9.02 million units, representing a 17 percent unit decline from the year-ago quarter. On the other hand, the combined sales of ipad1 and ipad2 cams to just 4.69 million as the company battled supply constraints through the better part of the quarter.

On average, analyst on Wall Street had been modeling the company to earn $5.35 per share on revenues of $23.26 billion, fueled by a gross margin of 39.1% on sales of 3.6 million Macs, 16.6 million iPhones, 10 million iPods and 6.2M iPads.

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