Apple fiscal 2nd-quarter net income jumps 90 percent; more iPhones sold than ever
By APTuesday, April 20, 2010
Summary Box: Apple 2Q net income leaps 90 percent
THE REPORT: Apple’s fiscal second-quarter net income jumped 90 percent to $3.07 billion, or $3.33 per share. Revenue rose 49 percent to $13.5 billion.
THE STREET: The results, released Tuesday, blew past analysts’ expectations for net income of $2.45 per share on $12.04 billion in revenue, according to a Thomson Reuters poll. Investors sent Apple shares to a new all-time high Wednesday.
THE STAR: The company’s profitable iPhone helped Apple deliver its highest net income and revenue in a non-holiday quarter. The company sold nearly 9 million iPhones, the most ever in a single quarter, as people outside the U.S. jumped on the iPhone bandwagon. “It was a monster iPhone quarter,” said Piper Jaffray analyst Gene Munster.
