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Forums - Sales - Apple reports earnings: $5.99 billion for the quarter

Grimes on 20 April 2011

Apple’s fiscal second quarter results were well ahead of expectations as the company sold more iPhones and Macs than expected. Apple’s iPad units looked light relative to expectations.

The company reported earnings of $5.99 billion, or $6.40 a share, on revenue of $24.67 billion. Wall Street was looking for Apple to report earnings of $5.37 a share on revenue of $23.38 billion.

For context, Apple’s revenue a year ago was only $13.5 billion.

By the units:

  • iPhones: Apple sold 18.65 billion iPhones in the March quarter, up 113 percent a year ago. Piper Jaffray analyst Gene Munster was expecting 16.2 million and the consensus view called for 16.6 million units.
  • iPads: Apple sold 4.69 million iPads in the March quarter. The timing of the iPad 2 launch and supply constraints made this figure a total wild card. Wall Street was looking for 6.2 million iPads in the quarter. Munster had 5.5 million. Given the uncertainty, the real iPad sales focus will be for the June quarter.
  • Macs: Apple sold 3.76 million Macs in the March quarter. Analysts were expecting 3.6 million.
  • iPods: Apple sold 9.02 iPods in the quarter. Analysts were looking for about 10 million.

Apple’s outlook fell in line with historical norms. Simply put, Apple lowballs on its outlook. The company projected earnings of $5.03 a share on revenue of $23 billion. Wall Street was expecting third quarter earnings of $5.25 a share on revenue of $23.82 billion.

 

http://www.zdnet.com/blog/btl/apples-second-quarter-blowout-iphones-macs-carry-the-day-ipad-ipod-units-light/47628



Anyone can guess. It takes no effort to throw out lots of predictions and have some of them be correct. You are not and wiser or better for having your guesses be right. Even a blind man can hit the bullseye.

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Squilliam on 20 April 2011

They nearly doubled their revenue in a year? Wow!

 



Tease.

Rath on 20 April 2011

How does this change their percentage marketshare in the smartphone market? I imagine it probably keeps it about steady or slight increase?



RCTjunkie on 20 April 2011
Grimes said:
  • iPhones: Apple sold 18.65 billion iPhones in the March quarter, up 113 percent a year ago. Piper Jaffray analyst Gene Munster was expecting 16.2 million and the consensus view called for 16.6 million units.

Oh my! That's like 2 or 3 for every person in the world.... O_O



WHO IS JESUS REALLY?

Euphoria14 on 20 April 2011
RCTjunkie said:
Grimes said:
  • iPhones: Apple sold 18.65 billion iPhones in the March quarter, up 113 percent a year ago. Piper Jaffray analyst Gene Munster was expecting 16.2 million and the consensus view called for 16.6 million units.

Oh my! That's like 2 or 3 for every person in the world.... O_O

Probably a typo, meant to say 18.65 million.

 

Anyways, I am tempted to pick up an iPad at some point. My laptop is crapping out and I need a new device for browsing and the iPad not only will allow me to browse but it also has a great gaming lineup.

Would be great since I already have an Android device as my phone.



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famousringo on 20 April 2011

iPad sales are a little disappointing. Even after word of iPad unit numbers leaked out in their legal filing yesterday, it was thought that the numbers didn't include iPad 2 launch. Turns out they did.

Still, iPhone growth well over 100% and a gross margin back over 40% more than makes up for it.



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NiKKoM on 20 April 2011

great numbers... Apple really changed the game..



 

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!) 

famousringo on 20 April 2011
Rath said:

How does this change their percentage marketshare in the smartphone market? I imagine it probably keeps it about steady or slight increase?


It'll be a few months before we know where smartphone market growth is at the end of Q1, but it's been tracking around 90% YoY lately. So yeah, probably a slight increase.



"The worst part about these reviews is they are [subjective]--and their scores often depend on how drunk you got the media at a Street Fighter event."  — Mona Hamilton, Capcom Senior VP of Marketing
*Image indefinitely borrowed from BrainBoxLtd without his consent.

justinian on 20 April 2011

That's impressive. It's all in the hardware. Android will outsell iOS by a big margin but the real money is in the hardware and that's where Apple profit.



phinch1 on 20 April 2011

I know this is the wrong place to write this but i am curious, is it now at the end of the finacial year that the three (nintendo microsoft and sony) will publish resaults?