CUPERTINO, California — April 20, 2010 — Apple ? today announced financial results for its fiscal 2010 second quarter ended March 26, 2011. The company posted record second quarter revenues of 24.67 billion dollars and record second quarter net profit of 5.99 billion dollars, or $ 6.40 per diluted share. These results compare revenue at 13.50 billion dollars and quarterly net profit of $ 3.07 billion, or $ 3.33 per diluted share for the year-ago quarter. The gross margin was 41.4 per cent compared to 41.7 per cent in the year-ago quarter. International sales accounted for 59 percent of the quarter revenues.
Apple sold 3.76 million Macs during the quarter, equal to 28 percent increase over the year ago quarter. The company sold 18.65 million iPhones during the quarter, 113 percent unit growth over the year ago quarter. Apple sold 9.02. million iPods during the quarter, a decrease of 17 percent from the year-ago quarter. The company was sold also 4.69 million iPads during the quarter.
"With quarterly revenue growth of 83% and profit growth at 95%, we are firing on all cylinders," said Steve Jobs, Apple's CEO. "We will continue to innovate on all fronts during the rest of the year."
"We are very pleased with our record March quarter revenue and earnings and cash flow from operations of over $ 6.2 billion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to third fiscal quarter of 2011, we expect revenue of about 23 billion dollars and we expect diluted earnings per share for about $ 5.03."
Apple will provide live streaming for its second quarter 2011 financial results conference call beginning at 2: 00 p.m. PDT on April 20, 2011 at www.apple.com/quicktime/qtv/earningsq211. The webcast will also be available for replay for approximately two weeks thereafter.
This press release contains forward-looking statements including, without limitation, those of the company's estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may vary. Risks and uncertainties include, without limitation, competitive and economic factors and the company's response to these factors, the impact on consumers and businesses are buying decisions with respect to the company's products. continued competitive pressure on the market; the ability of companies to deliver to the market and stimulate customer demand for new programs, products and technological innovations in time, that the product introductions and transitions, changes in product pricing or mix or increase in component costs may have on the company's gross margin, inventory risk associated with the company's policy or to confirm that the product components in advance of customer orders; the continued availability of acceptable terms, or to all specific components and services that are essential for the company's operations currently obtained by the company from sole or limited sources. that the company's dependence on manufacturing and logistics services provided by third parties may have on the quality, quantity and cost of products manufactured or services. risks associated with the company's international operations. The company's reliance on third party intellectual property, and digital content. the potential impact of a finding that the company has infringed on intellectual property rights in other countries. The company's dependency on performance for distributors, transporters and other distributors of its products. to product and quality problems may have on the company's sales and operating profits. for continued service and availability of key managers and employees. war, terrorism, public health issues, natural disasters and other circumstances which could disrupt supply, supply or demand of products. and unfavorable results of legal practices. For more information about potential factors that could affect the company's financial results is included from time to time in the "risk factors" and "management's discussion and analysis of results and financial position" portions of the company's public reports filed with the SEC, including the company's Form 10-K for the fiscal year ended September 25, 2010 in its Form 10-Q for the quarter ended 25 December2010, and its Form 10-Q for the quarter ended March 26, 2011 will be submitted to the SEC. Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Apple design Macs, the best PCs in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPod and iTunes online store. Apple has changed the mobile phone with Revolutionary iPhone and App Store, and has recently introduced the iPad, 2 which is the future of mobile media and computing devices.Press Contacts:
Steve Dowling
Apple
dowling@Apple.com
(408) 974-1896
Investor Relations Contacts:
Nancy Paxton
Apple
paxton1@Apple.com
(408) 974-5420
Joan Hoover
Apple
hoover1@Apple.com
(408) 974-4570
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