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Apple Reports Record-Breaking Q2 Earnings: $24.6 Billion In Revenue

by Emily Price | April 20, 2011April 20, 2011 3:30 pm PDT

Q2 of 2011 was good for Apple, with the company reporting a whopping $24.6 billion in revenue in its quarterly earnings call this afternoon. The $24.6 billion in revenue is a record for Apple, as is its quarter net profit of $5.99 billion, or $6.40 per diluted share. Just a year ago the company was only reporting a Q2 profit of $3.07 billion, or $3.33 per diluted share.

“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.” Peter Oppenheimer, Apple’s CFO added: “We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion….Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $5.03.”

No doubt, astounding iPad sales and the release of the Verizon iPhone had a lot to do with the companies overall success for the quarter. In addition to overall revenue number, Apple also released a breakdown of how many devices it sold during the quarter:

Macs: 3.76 million (28% yearly increase)
iPhones: 18.65 million (113% yearly increase)
iPods: 9.02 million (17% increase)
iPads: 4.69 million, no previous yearly data

What do you think about Apple’s Q2 numbers? Do you think sales are going to continue to grow for the company, or is this just a rare high quarter?

Emily Price

Emily has been obsessed with computers since the early 80s when she discovered she could play Ghostbusters on her father's Commodore 64. She...