Feeds

Apple stuns Wall Street with 95% earnings surge

'We're firing on all cylinders,' says Jobs

Reducing security risks from open source software

Apple blew past the Wall Street moneymen's predictions for its financial performance in the second quarter of its fiscal year 2011, posting record Q2 revenue of $24.67bn along with record Q2 net profit of $5.99bn.

"We're firing on all cylinders," said CEO Steve Jobs in a prepared statement. "We will continue to innovate on all fronts throughout the remainder of the year," he added.

According to Thomson Financial, as reported by Fortune on Tuesday, Wall Street guessmen were expecting Apple to report earnings of $5.36 on sales of $23.34 billion, which works out to year-over-year gains of 61 per cent and 73 per cent respectively.

Apple's actual year-on-year gains beat even that optimism, with earnings gaining 95 per cent and revenues, 83 per cent. Those numbers were goosed by sales of 18.65 million iPhones, up 113 per cent year-on-year and 3.76 million Macs – 2.9 million of them being MacBooks – up 28 per cent. The company also sold 4.69 million iPads during the quarter.

Apple's only declining segment was iPods, which, with 9.02 million sold, which was 17 per cent down from the year-ago quarter. Frankly, though, with the iPhone having become the go-to digital music device for millions of users, who really cares about that slippage? ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.