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Apple ‘firing on all cylinders’ with Q2 revenues of $24.7bn


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Apple announced its fiscal Q2 financials last night, and the iOS bandwagon shows no signs of coming off the rails. Quarterly revenues of $24.67 billion and net profits of $5.99 billion were up 82% and 95% year-on-year respectively. Apple sold 18.65 million iPhones, 9.02 million iPods, 4.69 million iPads and 3.76 million Macs during the quarter, and has now sold 189 million iOS devices to date. iTunes sales topped $1.4 billion for the quarter too, with Apple hailing record revenues from music, as well as video, apps and e-books. “With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said CEO Steve Jobs in a statement. Meanwhile, COO Tim Cook took a swipe at Google’s Android OS. “We continue to believe and even more and more everyday that iPhone’s integrated approach is materially better than Android’s fragmented approach, where you have multiple OS on multiple devices with different screen resolutions and multiple app stores with different roles, payment methods and update strategies.”  Source: VentureBeat – Source: Seeking Alpha

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