Today, Apple announced its second quarters results. (Apple’s earnings call can be listened to online here.)
According to Jim Dalrymple at The Loop, the company has posted $5.99 billion in profit for the quarter. This is up from $3.07 billion in the year-ago quarter.
Here are some more numbers:
- Record non-holiday revenue, record Q2 profit.
- $5.99 billion in profit.
- 3.76 million Macs were sold during the quarter, a 28 percent unit increase over the year-ago quarter.
- Mac desktop CPU unit sales down 12 percent year-over-year, revenue down 6 percent; portable units up 53 percent, revenue up 59 percent.
- 18.65 million iPhone were sold in the quarter, representing 113 percent unit growth over the year-ago quarter.
- 9.02 million iPods were sold during the quarter, representing a 17 percent unit decline from the year-ago quarter.
- 4.69 million were sold iPads during the quarter.
- $2.8 billion from iPad accessories. (Hello, Smart Covers!)
- Cash flow from operations is a record $6.2 billion.
- Average selling prices: $1400 per desktop Mac, $1300 per portable, $180 per iPod, $660 per iPhone, $600 per iPad.
- $1.4 billion in revenue from iTunes Store, App Stores, iBookstores.
- Apple Retail is almost 10 years old. A few days away from 1 billion visitors to the stores. $3.19 billion in revenue this quarter, 90 percent increase over the year-ago quarter. Half of the Macs sold in the Stores sold to new customers. International stores selling more than domestic ones.
- Apple is set to open 40 new stores in fiscal 2011. Three quarters of which will be outside US, including a 5th store in China.
And some quotes:
- Steve Jobs: “With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders. We will continue to innovate on all fronts throughout the remainder of the year.”
- Peter Oppenheimer, Apple’s CFO: “We are extremely pleased with our record March quarter revenue and earnings and cash flow from operations of over $6.2 billion, Looking ahead to the third fiscal quarter of 2011, we expect revenue of about $23 billion, and we expect diluted earnings per share of about $5.03.”
- Oppenheimer: “This is the 20th straight quarter we’ve outpaced the PC market.”
- Tim Cook: “Apple is confident it can supply a large number of iPad 2s in the coming quarter.”
- Tim Cook, on bringing LTE to the iPhone: “I was asked this question, or a similar question, when we launched the iPhone with Verizon. What I said then, which I still think is the case today, is that the first generation of LTE chipsets force a lot of design compromises with the handset, and some of those we are just not willing to make. We are extremely happy with the iPhone 4 and iPhone 3GS.”
- Tim Cook, on the Mac internationally: “Last quarter we were up 76 percent in Asia Pacific, many multiples of the growth that region is seeing in the market. Enormous growth in the Mac there. Japan also did quite well on the Mac for the quarter and the U.S. had a surprisingly strong quarter for the Mac, Americas up 25 percent, US up just slightly higher than that.”
- Tim Cook, on iPad production: “I’m extremely pleased with product on manufacturing ramp and have gotten off to a better start than we did on the first iPad and we’re so confident with our ability to supply that we’ve already put on 25 additional countries by the end of March and will add 13 more next week, and even more throughout the quarter.”
- Tim Cook: “On Samsung, we are Samsung’s largest customer. Very valued component supplier for us, and I expect strong relationship will continue. Separately we thought the mobile division of Samsung had crossed the line, and after trying to negotiate, we decided to turn to the courts.”
- Lion will ship in the summer and will be shown at WWDC in June.
- iPod sales, though slowing, are stronger than Apple had anticipated. There is 4-6 weeks of inventory. iPod still has 70 percent market share. “More than half” of iPods sold were iPod touch models.
- The iPhone is in 90 countries, on 186 carriers. There are 5.2 million iPhones in the inventory channel. 80 percent of Fortune 500 companies are testing or deploying the iPhone.
- Since the March 11 US launch, the iPad 2 has been sold out often due to a thin inventory channel. Apple’s selling them as fast as they can be made.
- 350,000 iOS apps available for download.
- Apple expects over $20 billion in revenue for the June quarter.
Notes from the Q&A:
- Apple is ‘very, very sad’ about the Japan earthquake. Tim Cook says that economic issues pale in comparison to the human suffering. That said, the company didn’t have any impact from the tragedy. While LCDs, SuperDrives, RAM and more come from Japan, and have seen interruptions from suppliers, the company has numerous contingency plans, but isn’t going to abandon its long-term suppliers. Apple is still concerned about future supply chain risks, however, feels good about Q3.
- iPad 2 launching in 13 countires next week.
- iPhone growth in the US was 155 percent year-over-year this quarter, three times IDC’s prediction for the smartphone market. China saw 250% year-over-year iPhone growth.
- $49 AT&T iPhone 3GS is doing “very, very well,” according to Tim Cook.
- iPhone and iPad are creating a halo effect for the Mac, as the iPod did several years ago.
- Apple declined to comment on future carrier deals, as usual.
- RBC Capital asked: “With the rise of Android, are there similarities and differences you see with rise of Windows PCs vs. Macs in the ’90s? Could Android be a headwind with your US smartphones market?” Tim Cook: “ComScore release yesterday reported that iOS platform outreaches Android by 59 percent. That’s an enormous percentage. On a worldwide basis, we just did 18.6 million iPhones, with up 113 percent, materially faster than market rate of growth. Launched iPad 2 and sold everyone we could make. Gaining traction in enterprise with deploying or testing. Largest App Store with over 350,000 for iPhone and 6500 for iPad. Vs. around 100 for Android (tablets). We feel good. Have paid $2 billion to developers and had over 10 billion apps downloaded. Believe that iPhone’s integrated approach is better than Android’s fragmented approach. User appreciates that Apple can take full responsibility whereas the fragmented approach turns the customer into a systems integrator, and few customers that I know want to be a systems integrator.”
- Gene Munster: “How closely has Steve stayed involved, and when will he return?” Tim Cook: “He’s still on medical leave, but we see him on a regular basis. He’s still involved in strategic decisions, and I know he wants to be back as soon as he can.”
- Tim Cook, on the educational market: “Difficult funding environment for schools in the U.S. We don’t see any evidence of share loss, and Macs are very popular in schools, and iPads are proving to be as well. On a year over year basis, a very significant increase in Mac sales and very confident about product line as they head into the season.”
- Wedge Partners: “For last several years we’ve seen a new iPhone in June and new iPods in Sept. How have you historically viewed that 1-year timeline and what might cause it to change?” Tim Cook burn: “We never comment on unannounced products, so nothing to share.”
- Vast majority of people using iPad on 3G are doing so on a pay-as-you-go, no commitment plan, but some carriers sell the tablet on plans.