Apple Reports $1.21 Billion Profit for Q2 2009

MacRumors · 04:46 PM

Apple today announced financial results for the second quarter of fiscal 2009. Apple posted revenue of $8.16 billion and net quarterly profit of $1.21 billion, or $1.33 per diluted share, compared to revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share, in the year-ago quarter. Gross margin was 36.4 percent, compared to 32.9 percent in the year-ago quarter, and international sales accounted for 46 percent of the quarter's revenue. The numbers represent the best March Quarter revenue and earnings in Apple history.

Using non-GAAP data, which eliminates subscription-based accounting for the iPhone and Apple TV, Apple would have had $9.06 billion revenue and $1.66 billion of net income.

Apple shipped 2.22 million Macintosh computers during the quarter, a unit decline of 3 percent over the year-ago quarter. The company also sold 11.01 million Pods during the quarter, representing 3 percent unit growth over the year-ago quarter. Quarterly iPhone unit sales reached 3.79 million, up 123 percent from the year-ago-quarter.

Quote:

"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's CFO. "Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet."

Apple's guidance for the third quarter of fiscal 2009 includes expected revenue of $7.7 billion to $7.9 billion and earnings per diluted share of $0.95 to $1.00.

Apple will provide live streaming of its Q2 2009 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Article Link: Apple Reports $1.21 Billion Profit for Q2 2009

HLdan · Apr 22, 2009, 04:39 PM

That's why the Macs cost so much. Oh, well I'll pay for them, I love them.

Maclver · Apr 22, 2009, 04:40 PM

Quote:

Originally Posted by HLdan

That's why the Macs cost so much. Oh, well I'll pay for them, I love them.

GO APPLE!

rdowns · Apr 22, 2009, 04:41 PM

Another blow out quarter. Seems the economy isn't affecting Apple much although Mac sales were down over 2Q 2008.

-One happy share holder.

SirOmega · Apr 22, 2009, 04:44 PM

Quote:

Originally Posted by rdowns

Another blow out quarter. Seems the economy isn't affecting Apple much although Mac sales were down over 2Q 2008.

-One happy share holder.

Indeed, +$2 in after hours trading...

Tallest Skil · Apr 22, 2009, 04:48 PM

You're joking...

Profit STILL up from last quarter?!

This really says it all: Apple is recession-proof.

BRLawyer · Apr 22, 2009, 04:47 PM

Quote:

Originally Posted by rdowns

Another blow out quarter. Seems the economy isn't affecting Apple much although Mac sales were down over 2Q 2008.

-One happy share holder.

Of course not, we are talking about the best-managed, strongest and most resilient IT company in the world, even in a virtually bankrupt country going through its worst financial crisis ever.

As I said on many occasions, Apple is poised to become the most powerful corporation in the sector, and will soon overcome MS's market cap as it already did for puny PC makers such as Dell.

MS IS DEAD. GO APPLE!

Eraserhead · Apr 22, 2009, 04:48 PM

Quote:

Originally Posted by BRLawyer

even in a virtually bankrupt country going through its worst financial crisis ever.

Its not worse than the great depression.

Goona · Apr 22, 2009, 04:48 PM

Apple keeps annoucing record quarter after quarter even in this economy, great job.

flipperanubi · Apr 22, 2009, 04:58 PM

Quote:

Originally Posted by BRLawyer

As I said on many occasions, Apple is poised to become the most powerful corporation in the sector, and will soon overcome MS's market cap as it already did for puny PC makers such as Dell.

After the franchise wars... all restaurants are Taco Bell!

Bubba Satori · Apr 22, 2009, 05:31 PM

Quote:

Originally Posted by BRLawyer

Of course not, we are talking about the best-managed, strongest and most resilient IT company in the world, even in a virtually bankrupt country going through its worst financial crisis ever.

As I said on many occasions, Apple is poised to become the most powerful corporation in the sector, and will soon overcome MS's market cap as it already did for puny PC makers such as Dell.

MS IS DEAD. GO APPLE!

Pride goeth before a fall.

minik · Apr 22, 2009, 04:43 PM

I did my part, bought a Mac Mini for my dad and Time Capsule for myself. Go Apple!

Anuba · Apr 22, 2009, 04:48 PM

So... Macs down 3%, iPods up, iPhones way up. That would explain why the gross margin went over 36% -- the margins are much higher on the handheld gadgets.

ouimetnick · Apr 22, 2009, 04:42 PM

good job apple.

adamw · Apr 22, 2009, 04:43 PM

Yes! And with new products and refreshes coming for the rest of the year, this is good news indeed!

kyto · Apr 22, 2009, 04:43 PM

too bad i didn't have stock in apple

Stately · Apr 22, 2009, 04:52 PM

Quote:

Originally Posted by kyto

too bad i didn't have stock in apple

WHAT ? ! ? !

. . . Just kidding.

vansouza · Apr 22, 2009, 04:43 PM

because it breaks such a great record. But other wise, Great Job Apple. Way to go... I suppose the stock price will drop on this good news.

Just checked the stock price.. was up $2.50 now down 0.50 ... people are such sheep.

TheSlush · Apr 22, 2009, 04:50 PM

Quote:

Originally Posted by vansouza

I suppose the stock price will drop on this good news.

Ha, totally. Apple stock always trades so weirdly/emotionally/pessimistically. You'd think 1996 was just yesterday!

iMacmatician · Apr 22, 2009, 04:51 PM

Quote:

Originally Posted by MacRumors

Apple shipped 2.22 million Macintosh computers during the quarter, a unit decline of 3 percent over the year-ago quarter.

DECLINE? DECLINE?! EPIC FAAIL! APPLE IS FAIL! THE RECESSION HAS SCREWED THEM!

Seriously though, I'm largely pleased at the results. Keep it up Apple.

Bosunsfate · Apr 22, 2009, 04:54 PM

Really impressed to see that iPod sales were up over the same quarter last year. I guess the new Nano really is that good.

Also very happy to see that the results were better than expectations, hence the stock is going up.

Can't wait for it to be back up in the $200 range again.

sk8mash · Apr 22, 2009, 05:08 PM

Quote:

Originally Posted by MacRumors

The company also sold 11.01 million Pods during the quarter, representing 3 percent unit growth over the year-ago quarter. Quarterly iPhone unit sales reached 3.79 million, up 123 percent from the year-ago-quarter.

Article Link: Apple Reports $1.21 Billion Profit for Q2 2009

I think you meant iPods.

liam5150 · Apr 22, 2009, 05:14 PM

We need it now!

slffl · Apr 22, 2009, 05:31 PM

Thank God no stupid netbooks! This is why I love Apple

MacLover4491 · Apr 22, 2009, 05:35 PM

Quote:

Originally Posted by slffl

Thank God no stupid netbooks! This is why I love Apple

I dont know why you hate netbooks. I would love a 10'' or 11'' apple unibody netbook with a 2.0ghz intel atom or better, 2gb ram, 120gb hdd, and something as powerful as intel 4500 graphic, 6hours battery life, and glass trackpad. I think its much more portable than the macbook air.

Apr 22, 2009, 04:41 PM	#4
rdowns macrumors Demi-God Join Date: Jul 2003	Another blow out quarter. Seems the economy isn't affecting Apple much although Mac sales were down over 2Q 2008. -One happy share holder. __________________ I'm Larry David. I happen to enjoy wearing women's panties.

Apr 22, 2009, 04:43 PM	#12
minik macrumors 6502a Join Date: Jun 2007 Location: Bellevue, WA	I did my part, bought a Mac Mini for my dad and Time Capsule for myself. Go Apple! __________________ Flickr, facebook. twitter.

Apr 22, 2009, 04:48 PM	#13
Anuba macrumors 68020 Join Date: Feb 2005 Location: .se	So... Macs down 3%, iPods up, iPhones way up. That would explain why the gross margin went over 36% -- the margins are much higher on the handheld gadgets. __________________ uMBP 17" 2.8 / iMac 24" 2.4 / Mac Mini CD 1.83 / Mac Mini G4 1.42 / iPhone 3G 16 / Touch g1 16 / Shuffle g2+g1 / Nano g1 / iPod Mini

Apr 22, 2009, 04:42 PM	#14
ouimetnick macrumors 6502 Join Date: Aug 2008	amazing good job apple. __________________ Apple Original iPhone 8GB! I also have an Apple iPhone 3G 16GB Black.<< Coolest iPhone ever. Both are running iPhone OS 3.1.2

Apr 22, 2009, 04:43 PM	#18
vansouza macrumors Demi-God Join Date: Mar 2006 Location: Las Vegas, Earth	Sad to see the decline in unit sales... because it breaks such a great record. But other wise, Great Job Apple. Way to go... I suppose the stock price will drop on this good news. Just checked the stock price.. was up $2.50 now down 0.50 ... people are such sheep. __________________ www.usheroes.us You don't have a soul. You are a soul. You have a body. C. S. Lewis

Apr 22, 2009, 04:39 PM	#2
HLdan macrumors 68040 Join Date: Aug 2007	That's why the Macs cost so much. Oh, well I'll pay for them, I love them.

Apr 22, 2009, 04:48 PM	#6
Tallest Skil Banned Join Date: Aug 2006 Location: 1 Geostationary Tower Plaza	You're joking... Profit STILL up from last quarter?! This really says it all: Apple is recession-proof.

Apr 22, 2009, 04:48 PM	#9
Goona macrumors 68000 Join Date: Mar 2009	Apple keeps annoucing record quarter after quarter even in this economy, great job.

Apr 22, 2009, 04:43 PM	#15
adamw macrumors member Join Date: Sep 2006	Yes! And with new products and refreshes coming for the rest of the year, this is good news indeed!

Apr 22, 2009, 04:43 PM	#16
kyto macrumors member Join Date: Aug 2008	too bad i didn't have stock in apple

Apr 22, 2009, 04:54 PM	#21
Bosunsfate macrumors 6502 Join Date: Jan 2006 Location: SF, CA	Really impressed to see that iPod sales were up over the same quarter last year. I guess the new Nano really is that good. Also very happy to see that the results were better than expectations, hence the stock is going up. Can't wait for it to be back up in the $200 range again.

Apr 22, 2009, 05:14 PM	#23
liam5150 macrumors newbie Join Date: Apr 2008 Location: Mexico	Ok, but where is OS X 10.5.7? We need it now!

Apr 22, 2009, 05:31 PM	#24
slffl macrumors 6502a Join Date: Mar 2003 Location: Salt Lake City, UT	Thank God no stupid netbooks! This is why I love Apple __________________ Why waste your time posting how much you hate Apple products?

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