2nd Quarter '08!
$7.51B Revenues, $1.05B Profits!!
If you want on or off the Mac Ping List, Freepmail me.
Posted on 04/23/2008 2:55:47 PM PDT by Swordmaker
Apple today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted 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 $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter's revenue.
Apple shipped 2,289,000 Macintosh computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone sales were 1,703,000.
"We're delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO, in the press release. "With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters."
"We're thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion," said Peter Oppenheimer, Apple's CFO. "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."
MacDailyNews Note: Prior to the earning release, the consensus estimates of analysts surveyed by Thomson Reuters for Apple Inc. (AAPL) for Q2 08 were EPS up 23% to $1.07, revenues up 32% to $6.964 billion (vs. Apple's guidance of $0.94 EPS on revenue of "about $6.8 billion") and for Q3 08, EPS up 20% to $1.10 and revenues up 32% to $7.159 billion.
Vista - the best thing that could have ever happened to Apple.
$7.51B Revenues, $1.05B Profits!!
If you want on or off the Mac Ping List, Freepmail me.
Meanwhile DELL may be planning to aquire Radio Shack.
Perhaps they’ll re-introduce the TRS-80 too.
Amazing! We’re only three and a half months into the year, and Apple is already reporting a smashing second quarter. Amazing company!
Vista - the best thing that could have ever happened to Apple.”
Yeah, it’s on more computers than there are Macs to have OSX. That horrible OS is just failing all over the place.
But you know the difference between Fiscal year and Calender year, right?
I know, I know, just an excuse for some Friday silliness.
Nice Q but probably not enough to help the stock much in the short term - inline with whisper number.
Your point being?
Meanwhile, me and my Apple shares are laughing all the way to the bank.
As for Vista, I just backgraded it off a laptop I just acquired. It’s a visual disaster. It’s uglier than my neighbor’s sister-in-law.
Apple’s q1 runs from October to December.
If AAPL needs "help in the short term" I'd like to know what stock you might consider to be doing well.
Tech PING!!
They’re surprisingly comfortable to use. But if you don’t like the stock keyboard, any generic USB keyboard will work. I use a Logitexh cordless unit that officially has no Mac support. I plugged it in and it just worked.
Unfortunately, that keyboard triple posts!
“Meanwhile, me and my Apple shares are laughing all the way to the bank.
As for Vista, I just backgraded it off a laptop I just acquired. It’s a visual disaster. It’s uglier than my neighbor’s sister-in-law.”
Could you have fit any more Apple user cliches into one posting? Too bad you didn’t do the one about how your grandmother used Windows for three seconds and bought a Mac the next day and “never looked back”. That’s always a good one.
that would be a combination of lag and user error. And I’m not using that keyboard at the moment. I am using an iPhone.
I bought my Grandmother an old eMac and now I don’t get the billion calls for tech support on weekends any more. Problem solved.
I did the same thing for my Mom.
I reinstalled Windows, and made sure that the system was set up so that all of the common junk that causes problems couldn’t get in. My calls went to zero too.
It’s amazing what happens when you teach someone how to properly use a PC. You don’t get problems. Go figure, I would just have assumed that the OS would just randomly explode.
The difference is that I have put Macs in front of people that were just put in front of PC. The difference in support “calls” that I have gotten is incredible.
For a really close example: My wife has used PCs all of her life. She was frustrated with the last PC I had for her.
Bought her a 24” iMac last year when it was time to get rid of the Dell. I think our marriage is happier :). I switched shortly thereafter.
I run the programming department at work. I don’t need to be on call when I get home too!
A deal on Mac software at
It’s odd that you term my observations are “cliches” while at the same time you seem to think your own to have a special degree of insight, while from my perspective you are a typical Mac denigrator.
The fact is that most Mac users are well versed in the windows environment due to their ubiquity in the workplace, but the obverse is NOT true. Most Windows users are as unfamiliar with the Mac experience as could possibly be. For that reason alone, the observations of Mac users deserve a smidgen more credibility.
Also, I have formed an opinion over many years that MANY Windows users have a form of defensiveness about their choice of an operating system/computing platform that can’t be rationally explained. They have a pressing need to jump into discussions that are not relevant to their own computing experience and mouth off inanities and absurdities that say far more about their own outlook than they do about the ostensible subject.
I can understand why some might not like the new keyboards.
But I’ve got to tell you, I have a bunch of different keyboards I’ve acquired over the years, and I really like the new Apple keyboards - so much so. I bought one for each of my computers.
To each his own!
lol! So was Windows ME.
You stating that Vista is installed on allot of computers doesn't change the fact that it sucks...
The bigger picture is that it isn’t so much as Mac vs. PC as they are now, rather it is convergence of technologies.
The iPhone is a big step in bringing PC/Laptop/handheld/Cellphone together. I don’t have a horse in this race, but the iPhone is huge statement in Apple’s future relevance/role in the emerging market.
CERN
MSTR
But of course it is not my style to buy them once they move up. The trick is to get them before. Know why?
Oh no, Apple is doooooooooomed. ;’)
What?! Record profits?! The government needs to look into this!!!! /s
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