I’ve got to say, Apple are really doing well for themselves. All throughout this economic recession, they’ve consistently announced incredible profits for each quarter. Nearly every earnings announcement from them has broken a record. And the most recent one is following that trend.
Yesterday Apple revealed their financial results for the first calendar quarter and second fiscal quarter of 2011. For the quarter, Apple posted an incredible revenue of $24.67 billion and a staggering net quarterly profit of $5.99 billion, which works out at $6.40 per diluted share. Compare that to a revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share,in the same quarter exactly a year ago.
There gross margin was 41.4 percent, compared to 41.7 percent last year, and international sales accounted for 59 percent of the revenue this quarter.
These numbers break yet another record for Apple. It’s their best non-holiday quarterly revenue earnings ever, just missing out on last quarters profit of $6 billion.
It baffles me how Apple can consistently post such good numbers, especially in a non-holiday quarter. The main reasons for the impressive earnings of course are the iPhone and Macs.
Macintosh computers were up 29 percent from last year to 3.76 million.
iPhone sales reached record levels at 18.65 million which is up 113 percent from this time last year
They sold 4.69 million iPads and the humble iPod is still selling, 9.02 million of them, though it’s declined 17 percent compared to last year.
It’s their largest year over year quarterly revenue growth. iTunes also had its best quarter ever with $1.4 billion revenue and over 100 million books downloaded.
Apple say they’ve also made more than $2 billion in payments to app store developers this quarter.
All in all, once again Apple have out done themselves. They continue to make top notch products, and while I know there is a lot of anti-Apple fans out there, these latest earnings prove that there is a lot of Apple lovers too.