Overachiever

Apple Q2. Think Money.

The iPhone and iPad were the top two product lines, moving 35.1 and 11.8 million units during a quarter that can only be described as I’ll have some of what they’re drinking.

In Summary
  • Apple announced fiscal Q2 results, another record quarter.
  • Revenue $39.19 Billion (+59%), Net Profit $11.62B (+94%), Cash $110B (+12%).
  • Shipments: iPhone 35.1 Million (+88%), iPad 11.8M (+177%), Mac 4M (+6%), iPod 7.7M (-15%).
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Is it supposed to be this easy?

Money is showering down on Cupertino. Anyone’s guess is as good as mine as to when Apple’s phenomenal streak will end. One thing is for certain, these are glory days. And, Apple — no question — is a mobile devices company. The iPhone and iPad were the top two product lines, moving 35.1 and 11.8 million units during a quarter that can only be described as I’ll have some of what they’re drinking.

Profit?

Oh yes, thank you very much. How about: PLUS 93% year over year. $11.6 Billion.

Keep in mind this is the world’s most valuable company, not some small start-up that can easily product double-digit growth for the first twelve months.

This is a company with $110 Billion (again with the “B”) in cash. That is some serious street cred.

All this, while gross margins… expanded (to 47%).

Perhaps most impressive – though not completely surprising – is that the iPad continues to move mega-units. Apple created the tablet category just three years ago, and here it is driving a massive amount of net-new sales. Nary a competitor seems ready to impede their progress either.

There’s just not much more to say. The #’s do all the talking.

Apple Q2

Revenue $39.19 billion +59%

Net Profit $11.62 billion +94%

Cash $110 billion +12%

Unit Shipments:

iPhone 35.1 million +88%

iPad 11.8 million +177%

Mac 4 million +6%

iPod 7.7 million -15%

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Clinton Stark
Clint is based in San Francisco and co-founded Stark Insider - a new media venture. His goal was to help fill the increasing gap in arts coverage. This site has consumed his every fiber. Yet, he still has time to talk Napa wine, review a play (ATCA member) or live show, and shoot videos. More: Clint's story...
  • Greg

    It really is a phenomenon! Even more so in a weak economy. How long can they sustain this type of growth? It’s not hyperbole to say it’s awesome!

    • http://www.starkinsider.com Clinton Stark

      Apple has surely cracked the code, and figured out how to ingrain their products into our culture. Come to think of it, we’re not really buying iPads, iPhones, MacBooks… we’re buying into the lifestyle.