iPhone 4 and iPad 2 drive record quarter earnings for Apple

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Apple-logo.jpgApple have revealed record earnings for the second fiscal quarter of 2011. The Cupertino-based company hit a record net profit of $5.9 billion, with an income of $24.67 billion between January and March of this year.

Strong sales of iPad tablets, boosted by the iPad 2’s release, saw slate sales reach 4.69 million, while Mac sales were up 28% compared to the same quarter last year with 3.76 million sales.

However the most remarkable stats came from the iPhone range. Despite the latest iPhone 4 model being 6 months old by the start of the quarter in question, the range still managed to shift 18.65 million units, a growth of 113% over the same period last year.

The only noticeable drop for Apple came from iPod sales, down 17 percent with 9.02 million sold. It’s still a figure head-and-shoulders above the competition, but it looks like iPhone sales may be actually cannibalising this area of Apple’s business, along with other brand’s smartphone sales.

“With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” a happy Steve Jobs told investors, despite still taking a back seat when it comes to day-to-day involvement with the company.

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

Gerald Lynch

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