Apple Jan-Mar net up 95 percent to $5.99 Billion

Friday, 22 April 2011, 00:24 IST
Printer Print Email Email
New York: Apple has reported a 95 per cent jump in net profit to $ 5.99 billion in the January-March quarter of 2011 on strong sales of iPhone and Mac computers. In the year-ago period, the entity had a net income of $ 3.07 billion, Apple said in a statement. The company's total sales increased to $ 24.66 billion in the second quarter ended March 26, 2011 from $ 13.49 billion in the same qaurter previous year. Thus representing a gain of 83 per cent. "With quarterly revenue growth of 83 per cent and profit growth of 95 per cent, we're firing on all cylinders, "We will continue to innovate on all fronts throughout the remainder of the year," Apple CEO Steve Jobs said in the statament. During the quarter, Apple sold 18.65 million iPhones, representing 113 per cent unit growth over the year-ago period.
Source: PTI
Digital Supply Chain Transformation – Winning the AI/ML Way