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Apple profits rise over 89% on sales of 2.94M Macs, 8.75M iPhones

Apple said Tuesday that second-quarter profits rose nearly 90 percent to $3.07 billion, or $3.33 per diluted share, on record non-holiday quarter sales of $13.50 billion for the three-month period ended March 27, 2010.

These results compare to revenue of $9.08 billion and net quarterly profit of $1.62 billion, or $1.79 per diluted share, in the year-ago quarter. 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 sold 2.94 million Macintosh computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The company also sold 8.75 million iPhones in the quarter, representing 131 percent unit growth over the year-ago quarter. iPod sales came in at 10.89 million units, representing a one percent unit decline from the year-ago quarter.

"We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent," said Steve Jobs, Apple’s CEO. "We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year."

"Looking ahead to the third fiscal quarter of 2010, we expect revenue in the range of about $13.0 billion to $13.4 billion and we expect diluted earnings per share in the range of about $2.28 to $2.39," said Peter Oppenheimer, Apple’s CFO.

Apple will provide live streaming of its Q2 2010 financial results conference call beginning at 2:00 p.m. PDT, 5:00 pm ET . AppleInsider will provide live running coverage.



138 Comments

davegee 24 Years · 2680 comments

Congratz!

I know this isn't the place for it but since this post will likely be seen by lots of readers...

- Anyone else wonder why Apple didn't issue an IMMEDIATE C&D Letter from its legal group the second Gizmodo posted the photos of the prototype?
- Anyone else wonder why those photos are STILL being shown?

Finally

- Does Apples inaction in anyway lessen their ability to go after Gizmodo?

PLEASE!!! Post any replies in the Gizmodo discussion thread... not here...

kerryn 17 Years · 85 comments

And I still kick myself today that I did not buy Apple stock when it was at $88...

dr millmoss 16 Years · 5382 comments

Beat the Street by 36%. Not bad, not bad at all.

Once again, the score card... to see who came close.

nasserae 17 Years · 3166 comments

Amazing.

"We?ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year including the one you saw yesterday."

j/k