Apple’s financial results for Q2 2011

Yesterday Apple reported its financial results for the second fiscal quarter of 2011. In this quarter Apple earned $24.67 billion and net quarterly profit amounts to $5.99 billion. In the year-ago quarter the company’s revenue was $13.50 billion and net quarterly profit was $3.07 billion. Gross margin was 41.4 percent, compared to 41.7 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.  This fiscal quarter is also the best quarter for the iTunes Store with $1.4 billion revenue. $2 billion was paid to developers in App Store.

During this quarter Apple shipped 3.76 million Macintosh computers. Growth fueled by popularity of MacBook Air as well as strong sales of MacBook Pros. Half of the Mac sold to those who never owned a Mac before. iPhone sales reached a record 18.65 million, up 113 percent from the year-ago quarter, and the company also sold 9.02 million iPods and 4.69 million iPads. Apple said that they sold every iPad 2 they had made this quarter.

"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."

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