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April 21, 2011 02:28 am GMT

Behind Apple's Blowout Quarter: iPhones, MacBooks And China

It is difficult to understate what a run Apple is on right now. Look no further than the blowout earnings Apple reported today for its second fiscal quarter ended in March. Revenues were up revenues up 83 percent to $24.7 billion, and profits grew even faster, up 95 percent to $6 billion. Growth was strong across the board (with the exception of iPad sales which suffered from supply constraints and built up "the mother of all backlogs," according to CFO Peter Oppenheimer). But if you dive into the numbers, you will see that three areas drove the overall growth more than any others: iPhones, MacBooks and China. The iPhone now makes up half of Apple's revenues, or $12.3 billion in the quarter. Sales grew 126 percent in dollar terms, with unit sales up 113 percent. In the U.S. alone, iPhone sales were up 155 percent. Bringing Verizon on board helped goose the numbers, but AT&T wasn't exactly complaining either.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GgNPYlLti6M/

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