Apple reports second quarter results; most profitable Q2 quarter in Apple’s history

Apple today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. The Company posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.

Apple shipped 1,517,000 Macintosh computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter.

“The Mac is clearly gaining market share, with sales growing 36 percent—more than three times the industry growth rate,” said Steve Jobs, Apple’s CEO. “We’re very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline.”

“We are very pleased to report the most profitable March quarter in Apple’s history,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about $.66.”

Apple will provide live streaming of its Q2 2007 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, April 25, 2007 at http://www.apple.com/quicktime/qtv/earningsq207/ and will also be available for replay.

50 Comments

  1. You know, this is enough to piss off the pope. Here I am sittin on 10 grand that’s earmarked for the stock market, so I’ve waited a few weeks to buy when Apple announced their quartely results. See, for the past several quarters Apple has dipped quite a bit every time they announce record earnings/sales/etc so I figured this will be no different. But oh no… now that I’m ready to do something it runs the opposite way. Figures. Think I should buy Ford, or Dell? j/k

  2. no new products and they crush estimates – i have ridden tthis stick the low 17s and made a killing – when it touched i started buying a lot and i mean alot and did really well.
    For the first time since then i feel again that it will touch 200 bt xmas – trust me. thought this quarter would be bad but with ipobe, new os, ne ipods, back-to-school, xmas, itune innovation, new software addition to apple tv and do not forget the splits – yes splits do help.

    how “much” do you think it will touch??

  3. You forgot to mention that leopard isn’t do for another 3 months to but the Apple TV is selling quite well and with Macs outselling everything else it just proves that Apple still is a computer company.

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