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Apple Q2 Profit Rises - Quick Facts

Apple Inc. (AAPL) posted second-quarter net profit of $11.62 billion or $12.30 per share, up from $5.99 billion or $6.40 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $10.06 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue rose to $39.2 billion from $24.7 billion in the same quarter last year. Forty three analysts had consensus revenue estimate of $36.81 billion for the quarter.

The company said that it sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter.

Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

Looking ahead to the third fiscal quarter, the company expect revenue of about $34 billion and earnings per share of about $8.68. Analysts expect the company to report earnings of $9.93 per share on revenues of $37.40 billion for the third-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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