Apple's Q2 earnings report was very impressive. With a 94% year-over-year increase in profits, the largest tech company in the world is still growing. The increase in profits come from impressive new iPad and iPhone sales. The iPhone 4's drop in price was likely a huge motivator in getting people to buy. Most (58%) of Apple's revenue share comes from iPhone alone.
If you're having trouble reading the graph, here are the important figures:
Revenue: $39.2 billion (up from $24.7 billion one year ago)
Net Profit: $11.6 billion (up from $6 billion one year ago)
iPhone sales: 35.1 million units (88% year-over-year increase)
iPad sales: 11.8 million units (151% year-over-year increase)
Mac sales: 4 million (7% year-over-year increase)
iPod sales: 7.7 million (15% year-over-year decline)
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
This is shaping up to be a big year for Apple. Rumors have been circulating about the release of new iMacs and Macbooks this summer along with the much anticipated Mountain Lion iOS 6 Upgrade. And don't forget the speculation that Apple will be releasing a new version of the iPhone late in the year.
Expect to see similar, if not better, numbers in Q3 and Q4.[Infographic: holykaw]