Cupertino, California-based technology provider Apple Inc. (AAPL) reported that its second-quarter net income was $5.987 billion or $6.40 per share, up from $3.074 billion or $3.33 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $5.36 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $24.67 billion from $13.50 billion in the prior year quarter. Forty four analysts had consensus revenue estimate of $23.34 billion for the quarter.
The company said that it sold 3.76 million Macs during the quarter, a 28 percent unit increase over the year-ago quarter. The Company sold 18.65 million iPhones in the quarter, representing 113 percent unit growth over the year-ago quarter. Apple sold 9.02 million iPods during the quarter, representing a 17 percent unit decline from the year-ago quarter. The Company also sold 4.69 million iPads during the quarter.
"With quarterly revenue growth of 83 percent and profit growth of 95 percent, we're firing on all cylinders," said Steve Jobs, Apple's CEO. "We will continue to innovate on all fronts throughout the remainder of the year."
Looking ahead to the third fiscal quarter of 2011, the company expects revenue of about $23 billion and earnings per share of about $5.03. Analysts expect the company to report earnings of $5.25 per share on revenues of $23.82 billion for the third-quarter.
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