14 DAY TRIAL // Apple has announced the financial results for its fiscal 2011 second quarter ending March 26, 2011, posting a record revenue of $24.67 billion and record second quarter net profit of $5.99 billion ($6.40 per diluted share).
Live streaming of the Q2 2011 financial results conference began at 2:00 p.m. PDT on April 20, 2011 at this address.
The webcast is now available for replay for approximately two weeks at the same address.
To listen to the conference, users need QuickTime on their Mac or PC, or one of the company’s iDevices.
As usual, the current results are compared to the year-ago quarter when the Mac maker recorded revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share.
Compared to 41.7 percent in the year-ago quarter, gross margin this quarter was 41.4 percent, while international sales accounted for 59 percent of the quarter’s revenue, the company said.
On product sales, Apple disclosed the following numbers:
· sold 3.76 million Macs, a 28 percent unit increase over the year-ago quarter · sold 18.65 million iPhones, representing 113 percent unit growth over the year-ago quarter · sold 9.02 million iPods during the quarter, representing a 17 percent unit decline from the year-ago quarter · sold 4.69 million iPads during the 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.”
Commenting on the figures, Peter Oppenheimer, Apple’s CFO, chimed in to say, “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.”