Categories: ElectronicsHeadlines

Apple Reports Record March

Apple Inc. (Cupertino, Calif.) reports record second quarter revenue of $24.67 billion, compared to revenue of $13.50 billion in the year-ago quarter. International sales accounted for 59 percent of the quarter’s revenue.

Apple sold 3.76 million Macs during the quarter, a 28 percent unit increase over the same period last year, and 18.65 million iPhones in the quarter, representing a 113 percent unit growth over the year-ago quarter.

“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” says Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.”

“Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion,” says Peter Oppenheimer, Apple’s chief financial officer.

VMSD Staff

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