It’s another quarter and another record profit for Apple, as the company posted second-quarter revenues of $24.67 billion and $5.99 billion profits thanks to the success of the iPhone and the iPad 2.
The iPhone going to Verizon didn’t hurt AT&T’s earning and it also greatly helped Apple for the quarter. The company sold 18.65 million iPhone units for the three-month period and this represents a whopping 113 percent growth rate from the same quarter a year ago. You can be sure that the arrival of the device on Big Red had a lot to do with it.
These strong sales also lead us to believe that we may not see the iPhone 5 until later this year instead of the traditional summer launch. The latest rumors have the next version of the handset out in the September time frame and this will give the iPhone 4 plenty of time to keep on selling units.
The Apple iPad 2 also had some solid sales with 4.69 million units. Our review finds this second-generation tablet to be king of the mountain but some analysts were expecting a few more units shipped. Still, the Motorola Xoom would kill for those types of numbers.
“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, in a prepared statement. “We will continue to innovate on all fronts throughout the remainder of the year.”
It’s some strong stuff coming out of Apple and I’m wondering how it will be able to top itself next quarter, particularly if we don’t see a new iPhone by the summer. Maybe the increased retail availability of the iPad 2 will help juice sales or if Apple can finally keep up with the demand. Perhaps we’ll see new iMacs soon, too.
What do you think of Apple’s quarter, friends?