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Apple Reports Best Non-Holiday Quarter Ever With $5.99 Billion Profit for Q2 2011

They ship more and more products to the market, their profits keep going up and up, truly there seems to be no end to this golden age. Apple is truly an achievement, soaring upwards cutting through this recession like a hot knife through butter. I love private business. <3
 
The ipod is dying. The touch is the only one which will survive the longest. People these days just like touch screens with features packed to the rafters and the classic, nano and shuffle are falling by the wayside.
 
Pretty incredible results and proof that this place has trolls galore in the downvotes on the news.

Just got my ipad2. It is.. by all means, magical.
 
We will continue to innovate on all fronts throughout the remainder of the year.

that is a great statement from Jobs, can't wait to see what turns out besides osx lion & ios 5.

hardware wise, imac & macbook need upgrades. and since mbp was released in feb, perhaps a new one will be out by christmas , being 10 months ( max time ever between cycles) if not i bet the all new design, blade ssd, new enclosure and Ivy Bridge will debut in jan. whatever happens, apple has a lot in store
 
MacRumors said:
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Apple today announced financial results for the first calendar quarter and second fiscal quarter of 2011. For the quarter, Apple posted revenue of $24.67 billion and net quarterly profit of $5.99 billion, or $6.40 per diluted share, compared to revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, in the year-ago quarter. Gross margin was 41.4 percent, compared to 41.7 percent in the year-ago quarter, and international sales accounted for 59 percent of the quarter's revenue. The numbers represent the best non-holiday quarterly revenue and earnings in Apple history, just missing last quarter's $6 billion profit.

Apple shipped 3.76 million Macintosh computers during the quarter, a unit increase of 28 percent over the year-ago quarter. Quarterly iPhone unit sales reached a record 18.65 million, up 113 percent from the year-ago quarter, and the company also sold 9.02 million iPods during the quarter, representing 17 percent unit decline over the year-ago quarter. Apple also sold 4.69 million iPads during the quarter.Apple's guidance for the third quarter of fiscal 2011 includes expected revenue of $23 billion and earnings per diluted share of $5.03.

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That margin is truly ridiculous. Great for stockholders but really bad for consumers. A 41% profit margin, they could sell their $1000 computers for 800 dollars and still make the industry average profit.
With that kind of margin don't say they don't cost more than they should. But people still buy them because to them, they can be worth every penny.

I'm not saying that they are overpriced by definition because people still love buying them and it is the market who sets the actual value of an object. But they could lower their prices quite a bit.
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rovex said:
The ipod is dying. The touch is the only one which will survive the longest. People these days just like touch screens with features packed to the rafters and the classic, nano and shuffle are falling by the wayside.
Click to expand...

Agreed, but the latest nano is pretty poor, was surprised, seems very unapple-like. There is room for a good ultra portable small music player (gyms etc, I see so many ipods) and for them to please, please make a good quality headphone as standard, the ones that come with ipods (of any price) is pathetic. So, let's see what they do.
 
SilianRail said:
Are they going to wait until they have a $100 billion cash stockpile before giving a dividend?
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Growth stocks don't generally pay dividends. Dividend paying stocks are a safety move, trading dividends for share price growth, and are meant to attract investors. Apple doesn't need to do that.
Be happy with the insane growth.
 
rovex said:
The ipod is dying. The touch is the only one which will survive the longest. People these days just like touch screens with features packed to the rafters and the classic, nano and shuffle are falling by the wayside.
Click to expand...

Except of course for those who want to listen to music. Touch screen and features are rather useless to me in the car. And the iPod Touch is much too big, compared to my iPod nano.

cirus said:
That margin is truly ridiculous. Great for stockholders but really bad for consumers. A 41% profit margin, they could sell their $1000 computers for 800 dollars and still make the industry average profit.
Click to expand...

Has anyone ever explained the meaning of "gross margin" to you?
 
Remember what Steve said?
"They've sold more than I'd like them to sell"
I can't help but laugh at the useless loser.
 
Well Done AAPL!

The market has usually factored in this growth into the stock price but this by be enough to keep the rally going. Six $Billion in profit - Nice!
 
Apple needs to cut the prices on ipod nano. 149 dollars for 8GB ipod nano is ridiculous. Everyone is gonna go for ipod touch or iPhone.

With that being said, I am a little bit surprised about ipad sales. But, it will continue to do well. Momentum doesn't stop.
 
49 replies and nothing from Full of Win.

That is how we know he is not the real deal.
 
So the Verizon deal really didn't help them with the iPhone and Apple lost again more marketshare in the smartphone market. Not good especially as Google now ships almost 40 million Android phones per quarter. Maybe a cheap iPhone nano might help Apple to get back into a competing position.
 
"What I want to know is who are the 3 idiots who disliked this topic :eek:"

i suspect the same guys sitting in their cubicles with not much on their minds and too much time on their hands who have become self anointed experts in all things anti-apple
 
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