On Wednesday, Apple announced their financial results for the quarter ending March 26 (technically their fiscal second quarter). There was little bad news to go around, especially with the company’s largest non-holiday quarterly revenue (and earnings) to date.
All Things Digital’s Digital Daily is reporting on Apple’s fiscal second quarter financial results, which the company announced on Wednesday. Total revenue was $24.67 billion, an 83 percent increase from the same period a year ago, which exceeded Wall Street’s expectations of $23.34 billion.
So how does that mammoth number break down? Perhaps the only “bad” news is on the iPad front, which moved “only” 4.69 million units -- but keep in mind that the iPad 2 only launched in the U.S. at the tail end of the quarter on March 10, with 25 international countries launching on March 25, only a day before the quarter wrapped. Analysts were looking for a higher number, something like 6.2 million, but supply constraints kept Apple from hitting that number. Apple claims they sold every iPad 2 that they made during the quarter.
However, the company was on fire in almost all other areas: 3.76 million Macs sold, a 28 percent increase over the previous year, plus 2.8 million MacBook Pros, driven by the company’s new Thunderbolt-packing notebooks. Apple notes that this is the 20th quarter in a row that Mac sales have outperformed the overall PC market. 18.65 million iPhones were also sent into the waiting arms of new owners during the quarter, an increase of 113 percent, with 88 percent of Fortune 500 companies currently testing or deploying the handset.
“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” Apple CEO Steve Jobs announced via press release. “We will continue to innovate on all fronts throughout the remainder of the year.”
Another new record came from an unlikely place: iTunes, with a new record of $1.4 billion. With the overall decline in music sales, much of that income probably came from the App Store, but it’s still amazing to see the aging media player showing no signs of slowing down.
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(Image courtesy of All Things Digital)
