Apple has announced their financial results for fiscal Q2 2010. Apple posted $13.5 billion in revenue, and a net quarterly profit of $3.07 billion, which works out to be $3.33 per diluted share. Compare this to $9.08 billion in revenue and $1.62 billion in profit in the year-ago quarter. Gross margin was 41.7%, up from […]
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Apple Earns $3.07 Billion in Profit for Q2 2010, Best Non-Holiday Quarter in Apple History

Apple has announced their financial results for fiscal Q2 2010. Apple posted $13.5 billion in revenue, and a net quarterly profit of $3.07 billion, which works out to be $3.33 per diluted share. Compare this to $9.08 billion in revenue and $1.62 billion in profit in the year-ago quarter. Gross margin was 41.7%, up from 39.9% in the year-ago quarter. International sales made up some 58% of the revenue. This is the best non-holiday quarterly in Apple history.

Apple shipped 2.94 million Macs, which is a 33% unit increase from the year-ago quarter. iPhone unit sales were an astonishing 8.75 million, up an amazing 131% from the year ago quarter. Lastly, Apple sold 10.89 million iPods this quarter, which is down 1% 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.”

Remarkable numbers, especially for shareholders.

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