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Apple sells 4.69m iPads in Q2 as revenues soar

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Electricals retailer Apple has reported record second quarter revenues of $24.67 billion (£14.89 billion) for its second quarter ending March 26th 2011, helped by strong sales of its original iPad.

Despite the three-month period coinciding with the build-up to the launch of the iPad 2, Apple still sold 4.69 million units of its inaugural tablet device.

The company also sold 18.65 million iPhones during the quarter, representing a 113 per cent increase year-on-year, while 9.02 million iPods were shifted.

Q2 net profit was $5.99 billion, or $6.40 per diluted share, compared to net quarterly profit of $3.07 billion and $3.33 per diluted share one year ago.

Steve Jobs, Apple’s CEO, said: “With quarterly revenue growth of 83 per cent and profit growth of 95 per cent, we’re firing on all cylinders.

“We will continue to innovate on all fronts throughout the remainder of the year.”

Peter Oppenheimer, the retailer’s Chief Financial Officer, added: “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.”

International sales including those in the UK accounted for 59 per cent of the group’s revenue during the quarter.

Apple launched its iPad 2 tablet device in the US in mid-March, before rolling out the product in Canada, Australia, New Zealand and much of Europe later in the month.

There was strong global demand for the product, with some consumers queuing through the night to get hold of the company’s latest tablet.

Published on Thursday 21 April by Editorial Assistant

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