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Apple Reports $3.07 Billion Profit for Q2 2010, Best Non-Holiday Quarter Ever

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Apple today announced financial results for the first calendar quarter and second fiscal quarter of 2010. For the quarter, Apple posted revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share, compared 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, compared to 39.9 percent in the year-ago quarter, and international sales accounted for 58 percent of the quarter's revenue. The numbers represent the best non-holiday quarterly revenue and earnings in Apple history.

Apple shipped 2.94 million Macintosh computers during the quarter, a unit increase of 33 percent over the year-ago quarter. Quarterly iPhone unit sales reached 8.75 million, up 131 percent from the year-ago quarter, and the company also sold 10.89 million iPods during the quarter, representing 1 percent unit decline over 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."
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Apple's guidance for the third quarter of fiscal 2010 includes expected revenue of $13.0 billion to $13.4 billion and earnings per diluted share of $2.28 to $2.39.

Apple will provide live streaming of its Q2 2010 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 $3.07 Billion Profit for Q2 2010, Best Non-Holiday Quarter Ever
 
Article Link
https://www.macrumors.com/2010/04/20/apple-reports-3-07-billion-profit-for-q2-2010-best-non-holiday-quarter-ever/
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That's good to hear! :D
 
Mac sales way up. iPhone sales more than double. Earnings and sales way above estimates.

AAPL typically UPOD, but analysts typically bump it close to reality, but this time performance was "stunningly above" estimates according to a couple of CNBC commentators.

Rocketman
 
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noah82 said:
I love it! I just wish I bought more stock a couple of years ago.
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Think of us that have none, okay? :D



A good investment it seems. Long may it continue.
 
The Rich gets richer...

It would be nice if they invest more money on making better professional desktop computers as they used to, instead of concentrating in devices only.:(
 
What does this mean "More products coming" OMG!

Bring on the iMat and the iFlat, the iMac, iSat, iBat, iFat.

Macbook Unbreakable.

The Netbook iPad.

I don't know what else they could introduce. I am hoping for this though.

52" Apple TV 3D ready. Internet built in. Price 1,600 dollars. Is that too much to ask for? :rolleyes:
 
The reseach analysts were close (not so much)

...Apple shipped 2.94 million Macintosh computers during the quarter, a unit increase of 33 percent over the year-ago quarter. Quarterly iPhone unit sales reached 8.75 million, up 131 percent from the year-ago quarter, and the company also sold 10.89 million iPods during the quarter, representing 1 percent unit decline over the year-ago quarter.

From an earlier story last week...

For its part, IDC takes a much more dismal view of Apple's U.S. performance during the quarter, calculating Apple's market share there at only 6.4% on shipments of just over 1.1 million Macs, well below Gartner's estimate of nearly 1.4 million units. IDC's numbers have Apple's U.S. shipments growing only 8.3% year-over-year, significantly below the industry's overall growth rate of 16.9%.
 
These are staggering numbers. How I love being an AAPL stockholder. My shares were bought at $11.24. :D

Wow, up over $15 after hours.
 

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JakeTheMac said:
I don't know what else they could introduce. I am hoping for this though.

52" Apple TV 3D ready. Internet built in. Price 1,600 dollars. Is that too much to ask for? :rolleyes:
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Not a chance.

The products are definately the iPhone 4g and probably a similar iTouch in the pipeline. Refreshes to the Mac line may be counted and there maybe a suprise up Apple's sleave. :)
 
waiter said:
It would be nice if they invest more money on making better professional desktop computers as they used to, instead of concentrating in devices only.:(
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Don't worry my friend I'm sure a Mac Pro update is in the "pipeline" as we speak. On topic, this is wonderful news for Apple…I hope we get an equivalent to Adobe's Photoshop as one of those new products that Steve was referring to.
 
waiter said:
It would be nice if they invest more money on making better professional desktop computers as they used to, instead of concentrating in devices only.:(
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Yes, they are really foolish to waste their time on the things that sell and make them so much money. You don't see Dell screwing around with new products, maybe Michael should buy Apple and fire Steve. Then we would see some real products. In the meantime I will hang onto my APPL just in case they can turn this loser around to profitability. Yeah, there you go.
 
And all of that in a period with no major new hardware launches and after the Christmas rush... good lord but Apple are doing something right here.

So let's see here: next quarter will cover the iPad launch in the US and Europe plus the new Macbooks and maybe the first week or two of iPhone sales. Quarter after that the iPhone and back to school offers. Then the run up to Christmas... this might actually be Apple's LEAST impressive quarter this year.
 
HoseB-OH said:
...Apple shipped 2.94 million Macintosh computers during the quarter, a unit increase of 33 percent over the year-ago quarter. Quarterly iPhone unit sales reached 8.75 million, up 131 percent from the year-ago quarter, and the company also sold 10.89 million iPods during the quarter, representing 1 percent unit decline over the year-ago quarter.

From an earlier story last week...

For its part, IDC takes a much more dismal view of Apple's U.S. performance during the quarter, calculating Apple's market share there at only 6.4% on shipments of just over 1.1 million Macs, well below Gartner's estimate of nearly 1.4 million units. IDC's numbers have Apple's U.S. shipments growing only 8.3% year-over-year, significantly below the industry's overall growth rate of 16.9%.
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Seriously, how do I get paid to be an analyst? I mean what better job is there. They throw money at you to make stuff up!
 
rdowns said:
These are staggering numbers. How I love being an AAPL stockholder. My shares were bought at $11.24. :D

Wow, up over $15 after hours.
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Well you must be a billionaire by now!

How about some dividends for a change? Keeping $50 billion sitting in the bank would not make me happy as a stockholder.
 
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