Apple profits hit $5.99 billion in second quarter

April 21st, 2011, 23:46 Posted By: wraggster

The second quarter financial results for Apple show revenues of $24.6 billion for the iPhone and iPad maker, with a staggering $5.99 billion in profits for the three months ended March 26th.
Revenues rose significantly from $13.5 billion at the same time last year, with a total of 59 per cent of all revenues coming from outside the U.S. Profits were up from $3.07 billion at the same time last year.
A total of 3.76 million Macs (up 28 per cent) were sold during the quarter, along with 18.6 million iPhones (up 113 per cent), 9.02 million iPods (down from previous results but ahead of internal estimates), and 4.69 million iPads (including the iPad 2).
Lifetime sales for all iOS devices are now put at 189 million, although speaking in the company's financial conference call CFO Peter Oppenheimer did not break the figure down by formats.
However, figures from a federal document used in the ongoing legal battle between Apple and Samsung mention lifetime sales of around 108 million iPhones, 60 million iPod touch, and 19 million iPads.
As well as breaking company record for its March quarter Apple also revealed that iTunes enjoyed its best quarter ever. The App Store now offers 350,000 apps and has paid out a total of $2 billion to iOS developers.
Oppenheimer also pointed out that the iPhone's 113 per cent year-on-year growth was well ahead of the 74 per cent growth of the smartphone market as a whole. Apple sales grew 155 per cent year-on-year in the U.S. following rollout on the Verizon network, with sales in greater China up almost 250 per cent.
"With quarterly revenue growth of 83 per cent and profit growth of 95 per cent, we're firing on all cylinders," said Apple CEO Steve Jobs. "We will continue to innovate on all fronts throughout the remainder of the year."
"We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion," said Oppenheimer. "Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion."

http://www.gamesindustry.biz/article...second-quarter

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