Apple’s Q2 2011 Earnings and the Enterprise
Seeking Alpha’s Transcript of Apple’s Earnings Announcement
On April 20th, 2011, Apple announced their Q2 earnings. They blew us away with 18.65 million new iPhones sold (vs 8.8 million same quarter last year). This is over 110% growth and exceeds the overall smartphone growth of 74%. All these new iPhone users will begin searching for new applications and services to become more productive.
Apple announced 88% of the Fortune 500 are testing or deploying the iPhone. Some examples include Cisco, Prudential, Boston Scientific, General Motors, American Airlines, Deloitte, Yum! Brands and Xerox.
Apple announced they were selling all the iPad 2 devices they could make with 4.7 million sold during Q2. iPad 2 seems to be sold out and people who walk away empty handed from an Apple Store, return again when new shipments arrive. Quite simply, it is the best tablet available. Luckily, Tim Cook announced the iPad 2 supply problems will be solved this quarter.
In just over a year since its debut, 75% of the Fortune 500 are testing or deploying iPad within their enterprises. Some recent examples of enterprises that are deploying iPad include FORTUNE 500 companies such as Xerox, AutoNation, Yum! Brands, ADP, Boston Scientific, Estée Lauder, Disney, Stryker, Prudential Financial, Rite Aid and USAA.
