Apple 2nd Quarter Results Ping!
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Posted on 04/20/2010 5:22:36 PM PDT by Swordmaker
Apple today announced financial results for its fiscal 2010 second quarter ended March 27, 2010. The Company posted revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share. These results compare 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, up from 39.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter's revenue.
Apple sold 2.94 million Macintosh computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.75 million iPhones in the quarter, representing 131 percent unit growth over the year-ago quarter. Apple sold 10.89 million iPods during the quarter, representing a one percent unit decline from 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, in the press release. "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."
"Looking ahead to the third fiscal quarter of 2010, we expect revenue in the range of about $13.0 billion to $13.4 billion and we expect diluted earnings per share in the range of about $2.28 to $2.39," said Peter Oppenheimer, Apple's CFO.
Apple will provide live streaming of its Q2 2010 financial results conference call beginning at 2:00 p.m. PDT on April 20, 2010 at www.apple.com/quicktime/qtv/earningsq210/.
MacDailyNews will provide live notes of Apple's Q2 2010 conference call.
MacDailyNews Note: Just prior to Apple's earnings release, analysts' consensus estimates called for Apple to report $2.45 EPS on $12.04 billion in revenue. Trading in Apple shares was halted just prior to the earnings release and are scheduled to resume trading at 4:50 pm EDT.
Wonder what the cut was for those Chinese workers ........
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Actually, excellent pay compared to other wages in the area... and Apple compels it's contractors to meet other employee guidelines as well not required by other computers makers or they lose the contract.
Love that “Made in America” stamped on them Apple products, you?
How dare they make a profit! The government will have to do something about that.
Nice. All those lawsuits are finally adding up.
typically higher than expected profits means they didn’t plan all that well.
Careful, challenging the propaganda minister will result in harsh consequences.
AND making a lot of money at it
AND doing so in the face of ferocious competition
AND ubiquitous naysayers
That's $500,000,0000,000 dollars for those who can comprehend such a large amount of money.
The iPad will completely REPLACE the laptop computer and even most desktop computers. Many people will own several iPads, that's why I'm forecasting such a high number of iPads to be sold.
For those who find fault with every new Apple product and predict doom and iFail, pay attention. Apple does nothing without a long range plan. As you see the success of iPod and how it paved the way for iPod Touch, iPhone, iPad and the continuing improvement in the notebooks and desktops, added to the complimentary money makers of the iTunes store and the App store, you may start to get a clue. Each product is a game changer and a money maker and the plan will unfold even further with more products.
Us Mac lovers say Hooray and you others should, too. Apple is making your life easier with better products whether you resist them or not.
I see, they should have planned for LOWER profits??? No matter HOW well Apple does, you, driftdiver, will find something to criticize. Apple knows what they are doing. They always promise less than they expect to be able to deliver. If they OVER promise, management leaves themselves open for stockholder lawsuits. No one sues for better than promised results.
What they did not plan for was the higher than expected demand in the US for the WIFI iPad.
Thanks for the ping. It is great to hear an American company doing so well during an economic depression.
Why oh why didn’t I buy back in Jan 09 when they were at 78$/share?
Isn’t just about every single electronic item made in China these days? The days of Zenith are long gone. I’d rather work in a Chinese iMac factory than plowing a rice paddy behind a water buffalo with a bad stomach...
Or this picture
No actually in real life Wall Street expects companies to meet their plan. Higher or lower than planned means the management team screwed up and introduced unplanned risk.
But you’ve never let reality intrude so why start now.
You really don't have a clue, do you.
Probably the same as what HP or Dell would give those same workers.
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