Apple grows nicely in Q2

2010 stays sweet for Apple despite a slight drop in iPod sales

Steve Jobs: We have several more extraordinary products in the pipeline this year

Apple has seen a 48.7 per cent growth in turnover for its financial second quarter ended 27 March.

The vendor posted revenue of $13.5bn (£8.8bn) compared with $9.08bn in the quarter a year ago. Profit jumped 89.5 per cent to $3.07bn, compared with $1.62bn in Q2 2009. Gross margin increased to 41.7 per cent, up from 39.9 per cent a year ago.

Apple claims to have sold 2.9 million Macs during the quarter, which represented a 33 per cent unit increase on the same quarter in 2009. It also sold 8.75 million iPhones representing a whopping 131 per cent unit growth over the same quarter last year. Sales of iPods dropped by one per cent to 10.89 million.

Chief executive Steve Jobs said the vendor has some 'extraordinary' products in the pipeline for this year.

"We are thrilled to report our best non-holiday quarter ever," he said. " We've launched our revoluationary new iPad and users are loving it."

Looking ahead, Apple revealed it is expecting revenue to be between $13bn to $13.5bn.