Apple Hits $24.67 Billion Revenue from Sales of 4.69 Million iPads, 18.65 Million iPhones, and 9.02 Million iPods
A recently released press release from the Cupertino Company confirmed revenue of around $24.67 billion for the second quarter of 2011, an the amount is lower compared to the data for the first quarter of the same year.
According to the released information, Apple got $5.99 billion, or $6.40 per diluted share. Last year the company got revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share. International sales of iDevices are said to take 59 percent of the revenue for the second quarter.
Apple CEO Steve Jobs said, the company will continue to explore options and strategies for the whole year to maintain the increasing value and revenue of the company. With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders, Steve Jobs said.
Peter Oppenheimer, Apple’s CFO confirmed that the company is happy with the success of the company and how it’s generating an increasing revenue. He said that the company is currently having a cash flow of over $6.2 billion for operations.
Oppenheimer also said that the Cupertino Company is targeting $23 billion and diluted earnings per share of about $5.03 for the third quarter of 2011.
The company had a good start for this year by selling 7.33 Million iPads, 16.24 Million iPhones, and 19.45 Million iPods for the first quarter. It generated revenue of $26.74 billion for the first quarter alone.
In the first quarter of 2010 Apple sold 4.19 million iPads, 14.1 million iPhones, and 3.89 million Macs. It generated revenue of $20.34 billion. In the third quarter of the same year the company confirmed an increase of 78 percent on its earnings. It generated revenue of $15.7 billion and a quarterly profit that has a net of $3.35 billion.
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