Technology

Apple Q2 profit jumps 94% to $11.6 bn as iPhone sales zoom

MUMBAI: Apple has posted revenue of $39.2 billion and net profit of $11.6 billion for the fiscal second quarter.


These results compare to revenue of $24.7 billion and net profit of $6 billion in the year-ago quarter.


Gross margin was 47.4 per cent compared to 41.4 per cent in the year-ago quarter. International sales accounted for 64 per rcent of the quarter’s revenue.


The company sold 35.1 million iPhones in the quarter, representing 88 per cent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 per cent unit increase over the year-ago quarter.


The company sold 4 million Macs during the quarter, a 7 per cent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 per cent unit decline from the year-ago quarter.


Apple CEO Tim Cook said, “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”


Apple CFO Peter Oppenheimer said, “Our record March quarter results drove $14 billion in cash flow from operations. Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”

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