Apple Announces 95% Profit Growth In Second Quarter

Apple Inc. (NASDAQ:AAPL) has reported their financial results for Q2 2011 ending March 26, 2011. Apple posted a record second quarter revenue of $24.67 billion and record second quarter net profit of $5.99 billion. During the same time last year, Apple reported a revenue of $13.50 billion and net quarterly profit of $3.07 billion.

Apple had sold 18.65 million iPhones, 9.02 million iPods, and 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,” stated Apple CEO Steve Jobs. “We will continue to innovate on all fronts throughout the remainder of the year.”

[Apple PR]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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