Apple reports $9.5 billion second quarter profit

Apple on Tuesday reported a quarterly profit of $9.5 billion on revenue of $43.6 billion for its fiscal second quarter. In the year-ago quarter, Apple posted revenue of $39.2 billion and profit of $11.6 billion.

According to Apple, it sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter. The company sold just under 4 million Macs, compared to 4 million in the year-ago quarter.

“Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline,” said Apple CEO Tim Cook.

Apple stock closed at $406.13, up $7.46 or 1.87%. In after hours trading, the stock fell $0.13 or 0.03% to $406.

  • DocRoss

    Doomed! Doomed I tell you!

    • r00fus

      AAPL: beleaguered for 15+ years.

  • dtj

    The theme for the report was “Not quite dead yet” in best Monty Python tradition.

  • Amazing numbers. iPad is going very strong.

  • In the same period the world’s population has increased by 81 million and yet apple can only shift an extra 7 million iPads and 2 million iPhones? Embarrassing.

    Time for Cook to go.

    • Chris

      Yes, one of the biggest and most profitable first quarters in American public company history, and the CEO should be let go.

      I love the way the haters think.

      Us shareholders are MORE THAN HAPPY with $10bn/quarter profits.

      • C’mon

        He’s clearly being sarcastic.

    • r00fus

      LOL – It’d be great if all company quarterly reports were pegged against global population and/or GDP growth.

      • Space Gorilla

        I suppose if the company sold baby products, it might make some sense 🙂

        • r00fus

          You should see how quickly my 8 month old gravitates to my iPhone 🙂

    • Space Gorilla

      Yes, because all the one year old humans are buying Android instead of iPhone or iPad. What the heck are you smoking dude? You realize that the population increase comes from babies, right?

      • That’s what he meant and it’s clear it was a joke. Most of us laughed, you decided to be angry.

        • Space Gorilla

          I’m not angry, not in the slightest. It didn’t seem like a joke, not in the context of the idiotic things I’ve seen said about Apple lately. I suppose when you make a joke it should be funny, that’s probably why I missed it.

          • I agree. It’s difficult to tell irony from idiocy when it could so easily be the lead of an article in businessinsider.

    • Good one.

    • Good post. Cook should clearly go, but nobody has the guts to force him out.

  • John David

    Yes Doc, clearly, the pundits were right. Apple is Doomed. Doomed I tells ya, DOOMED!


  • Margins are being squeezed. That’s the story. Game over.

    • jamesdbailey

      How is it game over? Apple is tremendously profitable with growing sales in both iPhone and iPad. If anything, it’s game on.

      Does Apple reduce margins in the iPhone to increase growth or do they maintain margins and keep taking all the profit out of the industry? Fun to watch.

    • Space Gorilla

      In what reality is a 37 percent margin ‘squeezed’?

      • They are down 10% on the year, or 1% on the last quarter. That’s the reality. Unfortunately the reality doesn’t always get posted on here when it’s bad news for Apple.

        • Space Gorilla

          Yes, margins are down. They’ve gone from incredible to only amazing. That’s my point, it’s not the bad news you want it to be.

          • Yep. And by next year they’ll have gone from amazing to okay. And the following year okay to quite bad… you see where this is going?

          • Space Gorilla

            Now you’re making a huge leap. An incredibly high margin contracting to a high margin doesn’t prove the trend you want it to. What is more likely is that the incredibly high margin was a temporary anomaly and now the margin is settling back to a more realistic number. I guess we’ll revisit in two years when Apple is going out of business because they have no margin 🙂

        • heh

          They always drop with new product launches, and particularly with iPhone launches. You could have written this comment for the iPhone 4 launch and been incredibly wrong about them not recovering.

    • You mean the game where Apple has margins most of it’s competitors have never seen?

      • Space Gorilla

        Maybe this is another joke. I missed the ‘joke’ that Carl Anders made, perhaps Duma is also trying to make a joke?

        • The joke is whenever someone posts facts that are even slightly negative for Apple you’re either trolling, an idiot, or a shill for one of Apple’s competitors.

          • You said “Game Over”.

            That’s so unbelievable ridiculous, that it can only be a joke.

            Do you realize how much money Apple has?

            Even if their margin would drop to zero and then become negative in a few years, they have enough money in the bank to fund operations of Apple for years, probably a decade by now.

            Apple would still exist in 2025 in this world where Apple’s margin fell below zero.

            That’s about the same time from now as from the original iPod to this moment.