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AAPL Stock: 99.02 ( 0 )

Printed from http://www.macnn.com

Apple reports best second quarter ever

updated 04:30 pm EDT, Wed April 23, 2008

Apple Q2 2008 earnings

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."




by MacNN Staff

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Comments

  1. malax

    Joined: Dec 1969

    0

    whew

    They hit the magic "10 million iPods sold" mark that people were expecting. Hopefully that will be enough to avoid a big sell-off.

  1. climacs

    Joined: Dec 1969

    0

    sell-off!

    well since Apple merely had the best 2nd quarter ever and not the best 2nd quarter of any company in the history of the universe, there will be a massive sell-off tomorrow as Apple 'underperforms' investor expectations.

    ...ok, money.cnn.com sez AAPL up 4% in after-hours trading but if you go look up their stock price, the after-hours action shows it up only $0.49.

  1. climacs

    Joined: Dec 1969

    0

    updated after-hours

    OK AAPL now showing up nearly $7 in after-hours trading. I guess I snarked too soon. That's awesome!

    I bet Apple looks especially good now that they performed so well in a recession.

  1. climacs

    Joined: Dec 1969

    0

    told ya so!

    I toldja to buy AAPL a couple weeks back when it went as low as $120...

    this is one stock to buy on the dips, folks.

  1. climacs

    Joined: Dec 1969

    0

    now only $1.50 up

    I keep hitting refresh and the after-hours price keeps fluctuating wildly. Hmm.

  1. ZinkDifferent

    Joined: Dec 1969

    0

    wait until tomorrow...

    ... Counting down until the drop in stock price starts. Now that it went up, the same people will sell off.

    The usual, you know - best results ever, in a recession = stick drop

  1. ricardogf

    Joined: Dec 1969

    0

    THE BEST

    Apple is gonna be the BIGGEST IT company in the world in less than 2 years...Microsuck, prepare to be bought within that period, because Apple is mopping the floor with you.

    SIMPLY AMAZING NUMBERS and growth incredibly higher than any competition...GO APPLE GO!!!

  1. climacs

    Joined: Dec 1969

    0

    down $0.56 now

    is after-hours trading always this insane???

    Check this out, at the end of the new story about Apple's 2Q results at TheStreet.com:

    "The guidance from Apple, considered one of the four horsemen of technology, along with Google, Research In Motion and Amazon.com...."

    I didn't see Microsoft in there. Here comes Armageddon, Ballmer!

  1. climacs

    Joined: Dec 1969

    0

    now down $1.59

    OK, a swing of nearly $10 in after-hours trading, in about 15 minutes. This is nuts. Good thing I am a buy-and-hold investor.

    OK back to work with me, enough spamming the comments thread...

  1. vasic

    Joined: Dec 1969

    0

    Too bad...

    It took all of 20 minutes to go from $163 to $171, back to $162, then on down to $155, where it's hovering right now. Since their guidance was traditionally on the lower end, the Street isn't liking and they're selling more than they are buying. Too bad... At least those who didn't get a chance to get in on the action will have a chance tomorrow (so it seems).

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