Apple records a 49% increase in revenues and 90% in profits for Q2

Apple records a 49% increase in revenues and 90% in profits for Q2
Things have been rolling so smoothly for Apple, aside from the whole lost iPhone situation, as they reported some stellar news regarding their performance for the second quarter of 2010. Considering that it was a non-holiday quarter, they blew away their numbers from the same period last year out of the water as they reported an increase of 90 percent in profits versus the same period last year. Profits tallied in at $3.07 billion, or $3.33 per diluted share, with quarterly sales coming at $13.50 billion for the three months ending on March 27. The results were nonetheless spectacular when you consider that Apple reported a quarterly profit of $1.62 billion, or $1.79 per diluted share in Q2 2009. Surprisingly enough, there was much support seen on the international front as 58 percent of the quarter's revenue were accounted from international sales.

The Cupertino based company sold an astonishing 10.89 million iPods, 8.75 million iPhones, and 2.94 million Macintosh computers. The astounding amount of iPhones sold during the quarter was quite remarkable as it represented a 131 percent unit growth versus the same period last year. Steve Jobs said, “We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent. We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

With the Apple iPad selling so well, the 3G versions about ready to sell, and the international scene ready for their turn, it signals to a healthy progress in the short term. Looking further towards the summer, there is no doubt that Apple will bring more steam to the table as they embark on launching the next generation iPhone – which so happened to be unofficially unveiled already.

via AppleInsider

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10 Comments

1. bucky

Posts: 3774; Member since: Sep 30, 2009

I dont think anyone can argue that they are one very well structured company.

2. Mateo8326

Posts: 472; Member since: Jul 15, 2009

Wow all you Apple iphone,ipad, and etc. hater yall need to open your eye and get your head out your azzes b/c apple is #1 and will be there for a long time

3. Mateo8326

Posts: 472; Member since: Jul 15, 2009

Wow all you Apple iphone,ipad, and etc. hater yall need to open your eye and get your head out your azzes b/c apple is #1 and will be there for a long time

4. herbiederb

Posts: 275; Member since: Jan 28, 2010

I LOVE AAPL!

5. Gowireless

Posts: 85; Member since: Feb 23, 2010

wow u think the ipad is good dude wake up you pay for something that is only wifi right now and half the time you try to get on the web it wont let you yeah apple may be number one its cuz of retards like you that go out and by something so dumb and the funny part about it is when the 3g comes out youll prob run out and by it too thats why there number one cuz the rip everyone off apple=fail for the ipad they could do better than that! wait for the android one be alot better google dont tell u what u can or cant download

6. theman10

Posts: 93; Member since: May 16, 2009

Just words that you should maybe learn: u=you cuz=because by=buy youll=you'll by=buy again thats=that's there=should be their alot=a lot Just to name a few.

7. PapaJay224

Posts: 866; Member since: Feb 08, 2009

Are you really that ANAL that you have to fix his grammar?

9. theman10

Posts: 93; Member since: May 16, 2009

Someone had to.

8. Gowireless

Posts: 85; Member since: Feb 23, 2010

he must of been one of the retards that ran out and got one hes just a hater CUZ he knows what i said is true

10. theman10

Posts: 93; Member since: May 16, 2009

I don't have one, but I do like them. I will hold out for the second generation or hold out for an Android table.

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