Apple had a goal of selling 10 million iPhones in 2008. That was a conservative number back then and given the exploding popularity of the iPhone, it’s easy to see that people can’t stop buying iPhones. With today’s Q2 earnings announcement, Apple shared their financial results with shareholders.
8.75 Million iPhones Sold in Q2 Alone
Here are the key numbers from Q2:
- $13.50 billion revenue; net quarterly profit of $3.07 billion, or $3.33 per diluted share.
- International sales accounted for 58% of the quarter’s revenue.
- “If you look at Asia Pacific as an example, iPhone unit sales grew 474% year over year,” -Tim Cook
- 2.94 Mac computers sold (33% increase over the year ago quarter)
- 8.75 million iPhones sold (131% unit growth over the year ago quarter)
- 10.89 million iPods sold (1% unit decline from the year ago quarter)
- 41.7 billion in cash + short term/long term securities. Compare to 39.8 billion at end of Dec. quarter. (Yes, 41.7B in cash)
What did Apple CEO Steve Jobs have to say about Q2?
â€œWeâ€™re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,â€ said Steve Jobs, Appleâ€™s CEO. â€œWeâ€™ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.â€
Looks like the iPhone continues to make Apple a tonne of money. What caught my eye was Asia-Pacific leading the charge in iPhone growth. With the leak of the iPhone 4G, one can only wonder what kind of sales will happen this summer when a new iPhone is announced.