Apple has just posted their Q2 2011 financial results. The company posted revenue of $24.67 billion, with 4.69 million iPads sold, 18.65 million iPhones and 3.76 million Macs. Wall Street consensus estimate was EPS of $5.36 and revenue of $23.34B. Mac sales saw a 28% increase over the year-ago quarter, while with 9.02 million iPods sold Apple saw a 17% unit decline. Overall, the company posted quarterly revenue growth of 83% and profit growth of 95%. International sales were 59% for the quarter, with Asia and Pacific regions featuring a 182% increase year over year. The reported iPhone sales were stronger than expected by most analysts, with a 113% increase year over year. iPhone revenues, however, grew faster than sales with a 126% increase [source]. Overall, this was the biggest non-holiday quarter in Apple’s history.
With quarterly revenue growth of 83 percent and profit growth of 95 percent, 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.
In Q1 2011, the company posted a record revenue of $26.74 billion with 7.33 million iPads sold, 16.24 million iPhones and 4.13 million Macs. In the year-ago quarter, Apple posted revenue of $13.50 billion and net quarterly profit of $3.07 billion. The company sold 2.94 million Macs, 8.75 million iPhones and 10.89 million iPods during the quarter.
Apple will provide a live streaming audio feed of its Q2 2011 financial results conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Read more