By Keri Algar
SYDNEY, NSW: Announced on the Thursday before Good Friday, the Silicon Valley-based company in Cupertino, California, said the record March quarter has driven 83 per cent revenue growth and 95 per cent profit growth.
Still on the back of the GFC, Apple posted a revenue of $24.67 billion for the second quarter, up from a revenue of $13.50 billion for the prior corresponding period.
According to Apple, this was propped by record iPhone sales which grew by 113 per cent.
Though the company sold over 23 million units products in relatively new categories (18.65 million iPhones and 4.69 million iPads), sales for Apple’s original consumer staple, the Mac personal computer, also demonstrated strong growth with an increase of almost 30 per cent for the quarter.
The multifunctionality of iPhones and iPads may be depreciating the iPods marketplace value however, with sales down by 17 per cent.
International sales of all Apple products accounted for 59 per cent of the quarter’s revenue.
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“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 in a statement from Cupertino. “We will continue to innovate on all fronts throughout the remainder of the year.”
The company’s CFO, Peter Oppenheimer, reiterated Jobs’ sentiment saying Apple was “extremely pleased” with the record March quarter.
“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,” said Oppenheimer.