Apple Beats Estimates; Sells 18.65 Million iPhones, 4.69 Million iPads & 3.76 million Macs In Q2 2011

News | Wednesday April 20 2011 6:13 AM | Comments (0) Tags: , , , , , , , ,

Apple has posted record second quarter revenue of $24.67 billion and record second quarter net quarterly profit of $5.99 billion, or $6.40 per diluted share that ended March 26, 2011.
Apple sold an amazing 18.65 million
in the quarter, up 113 percent over the year-ago quarter. Apple also sold 4.69 million
during the quarter.
Apple sold 3.76 million Macs during the quarter, up 28 percent unit over the year-ago quarter. Apple also sold 9.02 million
during the quarter, representing a 17 percent decline over the year-ago quarter.
Apple ’s CEO, Steve Jobs said:
“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.”
Wall Street seems to have liked the results as the results have exceed their expectations of $5.35 earnings per share on $23.27 billion in revenue. Apple ‘s stock is currently trading at $350.53 up approximately $8 (~2.4%) in after hours trading.
We can’t wait to find out the innovations that Apple is planning to bring this year.

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