Apple announced its Q2 2011 results today, and yes -- it's been another record quarter in Cupertino, with profits of $5.99 billion on $24.67 billion in revenue. That's up almost double last year's $3.07b profits on $13.50b in revenue. Profit margins held steady at 41.4 percent, so it seems the big numbers mostly to do with increased sales. And what an increase: Apple sold 3.76 million Macs, which is a 28 percent increase and quarterly record 18.65 million iPhones, which is a 113 percent increase. The iPod line continued to decline, down 17 percent to 9.02 million, and iPad sales were less than expected at 4.69 million -- due to what acting CEO Tim Cook called "the mother of all backlogs." We've got the complete call posted below, along with some point-by-point analysis.

[embed title="Apple Q2 2011 results call"]http://cdn0.sbnation.com/podcasts/apple-q2-11-call.mp3[/embed]

Effects of the earthquake in Japan

[embed title="Japan"]http://cdn0.sbnation.com/podcasts/APLQ211-Japan.mp3[/embed]

Analysts asked about the earthquake in Japan and its effects on Apple's business immediately. After noting that the earthquake was a terrible tragedy with a far greater human impact than business impact, Tim Cook went on to say that neither Apple's supply chains or costs will be impacted next quarter. Apple sources "hundreds" of parts from Japan, but Apple employees have worked around the clock implementing contingency plans with their suppliers, and the preference is to stay with their long-term partners.

iPad 2 supply issues

[embed title="iPad2"]http://cdn0.sbnation.com/podcasts/APLQ211-iPad2.mp3[/embed]

Of course, if the Japanese tragedy isn't affecting iPad 2 supply, analysts want to know what is -- and neither Tim Cook nor Peter Oppenheimer were very forthcoming on that. Cook said iPad 2 demand has been "staggering" and that Apple has been "amazed" by it -- at one point he called the pent-up orders "the mother of all backlogs." However, he also said that he's pleased with Apple's progress in ramping up manufacturing to fill demand, and that the company is confident enough in its ability to meet demand that it's launching the iPad 2 in 13 more countries next week.

When asked if there had simply been an error in forecasting iPad 2 demand, Cook was a little more circumspect, saying "product transitions are never easy," but that Apple was off to a better start with the iPad 2 than with the original iPad. CFO Peter Oppenheimer later declined to say how many iPad 1's had been sold vs iPad 2's, but did say that "I wish we'd produced more iPad 2s, as a lot of people are waiting for them."

Verizon iPhone sales

[embed title="Verizon"]http://cdn0.sbnation.com/podcasts/APLQ211-Verizon.mp3[/embed]

US iPhone sales grew 155 percent from this quarter last year, which is three times faster than the US phone market is growing in general. Tim Cook said Verizon was "key" in that, but AT&T also did extremely well, with 3.6 million iPhones activated last quarter, a million more than a year ago.

Mac sales: "the only guys focused on innovative products"

[embed title="Mac"]http://cdn0.sbnation.com/podcasts/APLQ211-MacSales.mp3[/embed]

Mac sales were up 28 percent to 3.76m. Tim Cook said that the Mac is "enormous" in Asia and that the US had a "surprisingly strong" quarter, before noting that the Mac has had 20 straight quarters of outgrowing the PC market, which he thinks is stagnating. "We seem to be the only guys that are really focused on building innovative products." He also sees a "great future" for both portables like the MacBook line and desktops like the iMac.

Is Android like Windows?

[embed title="Android2"]http://cdn0.sbnation.com/podcasts/APLQ211-Android2.mp3[/embed]

Not for the first time, an analyst asked if Android posed the same threat to iOS as Windows did to the original Mac. Tim was pretty blunt in response, saying that the latest comScore numbers have iOS outreaching Android by 59 percent in the US and that the iPhone continues to outgrow the market. Tim also revisited Apple's "integrated over fragmented" argument, saying that "the user appreciates that Apple can take full responsibility for their experience, and few customers want to be a systems integrator."

Steve Jobs

[embed title="Jobs"]http://cdn0.sbnation.com/podcasts/APLQ211-Jobs.mp3[/embed]

When asked about Steve Job's health, Tim Cook said that although Steve is still on medical leave, he's still involved and "we see him on a regular basis...he wants to be back as soon as he can."

The Samsung lawsuit

[embed title="Samsung"]http://cdn0.sbnation.com/podcasts/APLQ211-Samsung.mp3[/embed]

Surprisingly, there was only one question on the Samsung lawsuit, and Tim Cook clearly had a prepared answer. "We are Samsung's largest customer, and Samsung is a very valued component supplier to us. I expect a strong relationship will continue. Separately from this, we felt the mobile communications business of Samsung had crossed the line, and after trying for some time to work through the issue we decided we needed to rely on the courts."

Overall, it's hard to argue with yet another record quarter -- Apple continues to sell pretty much everything computer and portable device it makes, and although it doesn't seem to yet have a handle on iPad 2 demand, that's not a bad problem to have.