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RBC: Impressive Second Quarter For Apple Thanks To iPad

by on April 12th, 2011

RBC Capital Markets Managing Director Mike Abramsky reiterated RBC’s position today that sales of Apple products such as the iPad 2 helped Apple reach another impressive fiscal second quarter.

As summarized by BGR, Abramsky wrote that the overwhelming demand for the iPad 2, continuing sales of the iPhone 4 and the recently updated MacBook Air and MacBook Pro notebooks may have led to $24 billion in revenue for Q2.

Throughout the quarter, iPhone 4 units totaled 17 million units with MacBook Air and MacBook Pro notebooks, plus the rest of Apple’s Mac lineup, having a combined total of 3.6 million units.

RBC estimates that Apple shipped upwards of 7 million iPad units, including 2-3 million iPad 2 units. For the 2011 third quarter however, RBC estimates upwards of 8 million iPad units. For the full-year sales, RBC adjusted its forecast from 25 million to 31 million iPad units.

These Q2 2011 figures represent an overall 78% year-over-year growth for Apple from Q2 2010. Apple will report its fiscal second-quarter earnings later this month on April 20th.

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