Apple Reports Second Quarter 2010 Results

Record March Quarter Revenue and Profit As Apple Reports Second Quarter 2010 Results Driven By Strong iPhone Sales

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Highlights: The Apple Press Release & Apple Q2 2010 Conference Call

  • Best Non-Holiday Quarter Ever
  • iPhone Sales More Than Double, Highest Iphone Sales Quarter Ever
  • Apple Sold Almost 3 Million Macs
  • iPod touch Sales Up 63%
  • iTunes Sales 1.1 Billion
  • 185,000 Apps In The App Store
  • Over 4 Billion Downloads From The App Store
  • iPhone Carried By 151 Carriers In 88 Countries.
  • iPhone OS 4 Arriving This Summer

The Numbers

Apple posted revenue of $13.50 billion and net quarterly profit of $3.07 billion. These results compare to revenue of $9.08 billion and net quarterly profit of $1.62 billion, in the year-ago quarter.

Apple sold 2.94 million Macintosh® computers during the quarter representing a 33 percent unit increase over the year-ago quarter.

Apple sold 8.75 million iPhones in the quarter, representing 131 percent unit growth over the year-ago quarter.

Apple sold 10.89 million iPods during the quarter, representing a one percent unit decline from the year-ago quarter.

“We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Steve Jobs, Apple’s CEO. “We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

“Looking ahead to the third fiscal quarter of 2010, we expect revenue in the range of about $13.0 billion to $13.4 billion and we expect diluted earnings per share in the range of about $2.28 to $2.39,” said Peter Oppenheimer, Apple’s CFO.

Apple ignited the personal computer revolution with the Apple II, then reinvented the personal computer with the Macintosh. Apple continues to lead the industry with its award-winning computers, OS X operating system, and iLife, iWork and professional applications. Apple leads the digital music revolution with its iPods and iTunes online store, has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced its magical iPad which is defining the future of mobile media and computing devices.

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