Apple the giant strike with its earnings for its fiscal second quarter reports, where in the profit of Apple has increased to 95 percent earning of $5.99 billion on $24.6 billion in revenue compared with $3.07 billion in earnings on revenue of $13.5 billion a year ago.

Apple's revenue of $5.99 billion has increased due to the growth in the sales of iPhone and iPad 2. Where in iPhone earnings were $6.40 per share; where as last year earnings per share were $3.33.

While according to the reports or estimations of analysts, who predicted Apple's revue and earnings would be $23.4 billion and $5.39 on average. On the other hand, Apple’s strong recital followed healthy earnings reports from Intel and IBM, which pumped up the stock market on Wednesday.

Apple’s chief operating officer, Tim cook states that the company had escaped major supply and cost problems in the wake of the tsunami, earthquake and nuclear disaster in Japan. However, apple still lowered its forecast for the current quarter by $200 million to account for unforeseen shortages stalked from the tragedy.

In the conference, Apple Chief Operating Officer Tim Cook says that during Steve Jobs leave, Jobs has been at Apple on a regular basis and that he continues to be involved in strategic decisions. Apple wants to have him back full time as soon as he can.

Analysts expected the sales for the iPad were lower than the 7 million units. More interestingly, iPad 2 was only on sale for two weeks of the quarter. However, Record earnings came in the middle of 2 high-profile releases for the company, the long-awaited release of the Verizon iPhone and the iPad 2.
Cook even states that the company is working to alleviate supply shortages and the production would increase this quarter.

Apple sold more than 18.65 million iPhones in the quarter, a 113 percent increase from a year ago. It also sold 3.67 million Macs, up 28 percent, and 4.69 million iPad tablet computers. IPod sales declined 17 percent, to 9.02 million.

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