Apple nearly doubles fiscal Q2 net profits

- Thursday, April 21, 2011

Apple nearly doubles fiscal Q2 net profits

Apple's (Nasdaq: AAPL) net profit leapt 95% year-over-year to US$5.99bn during the second quarter of its 2011 fiscal year, ended March 26, according to results released by the company.

During the quarter Apple reported US$24.7bn in revenue, representing an 83% increase compared with US$13.5bn during 2Q10.

The company sold 3.76mn Macs during the quarter, growing 28% year-over-year. Apple also saw record iPhone sales growth of 113%, selling 18.6mn devices. iPod sales, however, dropped to 9.02mn units, representing a 17% year-over-year decline.

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According to Apple CFO Peter Oppenheimer, the company expects revenue of about US$23bn during the third quarter of its fiscal year 2011.

Use this link to view the results.