» Apple posts strong quarterly results despite decline in iPad sales

Some quick take-aways based on Apple’s press release¬†and numbers from Macworld:

  • Record 2nd quarter revenue
  • Profit up
  • Margin up
  • Strong iPhone sales, up 17 percent
  • Weak iPad sales, down about 18 percent
  • Mac sales up 4 percent

The company will also be conducting a 7-for-1 stock split along with further share repurchases.