25/04/2007

Apple Reports Second Quarter Results

Apple have posted their 2nd quarter results for the fiscal year 2007.

Earnings Grow 88 Percent Year-over-Year


The Company posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter�s revenue.


Apple shipped 1,517,000 Macs and 10,549,000 iPods during the quarter, representing 36% growth in Macs and 24% growth in iPods over the year-ago quarter.


"The Mac is clearly gaining market share, with sales growing 36% more than three times the industry growth rate" said Steve Jobs "We're very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline."


Peter Oppenheimer, Apple CFO said it was "the most profitable March quarter in Apple's history".

Though Apple are growing, they still only account for a low percentage of the total number of PC's sold.
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