Another record financial quarter for Apple

Apple hosted its quarterly earnings call today at 5PM EDT, announcing revenue of $13.50 billion and net profit of $3.07 billion or $3.33 per diluted share, up from $1.62 billion net profit and $1.79 per diluted share from one year ago. Gross margin was 41.7 percent, up from 39.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue. Apple’s CFO Peter Oppenheimer predicted that the company expects to see revenue of $13.0 billion to $13.4 billion for Q3 2010 along with earnings per share between $2.28 and $2.39.

The press release posted to the Apple website quotes Steve Jobs as saying Apple had its “best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent”. Jobs also noted of the recently launched iPad that “users are loving it”, and that the company will “have several more extraordinary products in the pipeline for this year.”

Apple announced iPhone sales up 131% compared to the same quarter last year, with unit sales of 8.75 million compared to 3.79 million from Q2 2009, along with iPod sales of 10.89 million units, down from 11.01 million units during the same quarter last year. Despite the slight lost of iPod sales, the iPod Touch saw a 66% unit sales increase year over year.

The company revealed sales of 2.94 million Macintosh computers, up from 2.22 million units during the same time last year, a 33% unit increase. During the earnings call, Apple noted that the majority of revenue from Mac sales came from the Macbook and Macbook Pro line, with only $1.7 billion revenue coming from desktops vs. $2.8 billion from laptop sales.

iPad sales, which were not recorded until April, did not factor into their portable device sales figures but will be included in the Q3 financial records due out later this year. Responding to a question about profit margins on the iPad line, Tim Cook noted that they don’t reveal margins for specific devices, but pricing on the iPad was “aggressive”.

Despite Apple TV unit growth of 34% over the same quarter last year, the product remains a “hobby”. Tim Cook noted that the market for Apple TV is much smaller than the market for phones, computers and portable media players, but the company believes there is “something interesting there and we continue to invest in it”.

Notably absent from the earnings call was any mention of the recent “lost iPhone” incident; not a single person asked, and Apple didn’t volunteer any information.


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  • sg_hariharan

    best

    best

  • http://learnbyexamples.org/ EliteHussar

    Good job, Apple

  • http://learnbyexamples.org/ EliteHussar

    Good job, Apple