Apple Reports $1.21 Billion Profit for Q2 2009

[MacRumors]

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.

"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]

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

 

[Maclver]

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

GO APPLE!

 

[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.

 

[ouimetnick]

amazing

good job apple.

 

[adamw]

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

 

[minik]

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

 

[kyto]

too bad i didn't have stock in apple

 

[vansouza]

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.

 

[SirOmega]

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...

 

[50548]

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!

 

[Anuba]

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.

 

[Eraserhead]

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

Its not worse than the great depression.

 

[Goona]

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

 

[Tallest Skil]

You're joking...

Profit STILL up from last quarter?!

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

 

[TheSlush]

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!

 

[neoserver]

1.21 billion, thats really quite incredible given the current economic climate. Shows that Apple knows what they're doing, thats for sure.

 

[Matthew Yohe]

No quote from Jobs... Probably hasn't happened since he came back in 97.

 

[Cinematographer]

Actual revenue 5% higher than the guidance.

Actual profit 40% higher than the guidance.

Solid work, Apple.

 

[iMacmatician]

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.

 

[iOrlando]

mac sales somewhat soft.

iphone sales unreal...

you think it is possible some people are going for the cheap pc laptop but then also going out and spending it on an iphone?

 

[Anuba]

You're joking...

Profit STILL up from last quarter?!

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

Premium brands often are. It's not their customers that are short on cash or worried about the future... Porsche recently reported excellent numbers. Their regular customers could afford to buy new cars now that the governments have filled their pockets with bailout money.

 

[rdowns]

Conference call in less than 10 minutes.


http://www.apple.com/quicktime/qtv/earningsq209/

 

[Stately]

too bad i didn't have stock in apple

WHAT ? ! ? ! . . . Just kidding.

 

[nick9191]

If the entire world was wiped out, the Apple Stores would be all that is left.