Rising iPhone, iPod Revenues Boost Apple's Q2 Bottom Line

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Cupertino, Calif. -

Apple's second-quarter revenues

soared 48.6 percent to $13.5 billion, and net income rose 89.8 percent to $3.07 billion, fueled by a 124 percent gain in iPhone-related revenues and faster growth in iPod revenues.

iPad sales are not reflected in the financial results because sales began after the second quarter ended on March 27.

For the quarter, Apple reported a 124 percent gain to $5.45 billion in worldwide sales of iPhones, sales of Apple-branded and third-party iPhone accessories, and revenues from carrier agreements. iPhone unit sales grew in the quarter by 131 percent to 8.76 million.

Also in the quarter, growth in year-over-year iPod revenues accelerated from the first-quarter growth rate, and the percentage decline in unit sales shrank. iPod revenues, excluding accessories and iTunes store sales, grew 12 percent in the second quarter, ended March 27, to $1.86 billon, and unit sales fell only 1 percent to 10.9 million. That compares with iPod's

first-quarter year-over-year revenue gain

of only 1 percent to $3.39 billion and a first-quarter unit-sales decline of 8 percent to 20.97 million units.

Also in the second quarter, iTunes store sales, sales of iPod services, and sales of Apple-branded and third-party iPod accessories rose 27 percent to $1.33 billion.

For the quarter, sales of iPods, iPhones, and their accessories and related services soared to account for 64 percent of total worldwide revenues.

Sales through Apple stores worldwide grew in the quarter by 22 percent to $1.68 billion.

For the half, net sales were up 39.2 percent to $29.2 billion, and net income was up 66.5 percent to $6.45 billion.


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