Wednesday, April 23,2008 @ 4:30pm
Apple reports best second quarter ever
Apple has announced financial results for its fiscal 2008 second quarter, ended March 29, 2008, posting revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $0.87 per diluted share, in the same quarter a year ago. Apple shipped 2,289,000 Macs in the most recent quarter, representing a 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The company also sold 10,644,000 iPods during the recent period, representing 1 percent unit growth and 8 percent revenue growth over the year-ago quarter. iPhone sales amounted to 1,703,000.
Gross margin was 32.9 percent, down from 35.1 percent the prior year. International sales, meanwhile, accounted for 44 percent of the revenue. Peter Oppenheimer, Apple's CFO, says that "looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00."