Apple Profit Surged 95% in Its Second Quarter
Posted on April 20, 2011
Apple reports its fiscal 2011 second quarter results today. Apple reported $24.67 billion in revenues and profits of $5.99 billion, or $6.40 per diluted share.
Apple sold an impressive 18.65 million iPhones, which is a jump of 113% over the same quarter a year ago. There is also a rumor out that Apple will launch the iPhone 5 in September. The new phone is expected to have a faster processor and NFC technology.
Apple sold 3.76 million Macs in Q2, a jump of 28% over Q2 2010. Apple also sold over 9 million iPods and 4.69 million iPads.
Steve Jobs says the company is firing on all cylinders. Jobs says, "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."
