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.
Well that’s good.
And………. the only people surprised………….the analysts!
+14 and climbing in after hours trading
Wait a sec…
Last week Google had a record quarter of over 16 Billion and MDN said it was a bad quarter… Apple has 13 Billion and its a stellar quarter… Right. LMAO
Only 8.7 million iPhones? Only 2.9 million Macs with a refresh? Doesn’t sound STELLAR to me…
Google outperformed Apple IMO…
” width=”19″ height=”19″ alt=”smile” style=”border:0;” /> Enjoy the weak numbers of Apple quarter…
up $19
Observations …
Fiscal 2009 Total Revenue: $36.54 billion
Fiscal 2010 First 2 Qtrs Revenue: $29.18 billion
Fiscal 2009 Total Profit: $2.82 billion
Fiscal 2010 First 2 Qtrs Profit: $6.45 billion
iPhone 2010 Holiday quarter: 8.7 million units
iPhone 2010 March quarter: 8.75 million units
Crushing. The. Ball.
I was expecting these stellar results.
Soon Apple will surpass MS in revenues.
However, I was not expecting this phrase from Steve:
“… we have several more extraordinary products in the pipeline for this year.”
What are these products? Just new Macs, iPod and iPhone?
Maybe something totally unexpected? Let the rumor machine begin!
Someone please delete Marco’s post…
Thank’s AAPL, I can retire now.
@ Marco – Polo
You can’t even figure it out, so go troll somewhere else with those ANAL-yst.
Munster lost all credibility!
Update: Apple’s stock, trading of which was temporarily halted for the earnings release, immediately leapt by over $19.00 (~8%) per share upon the resumption of trading, and is currently up approximately $17.00 (7%).
@The Dude: Thank’s AAPL, I can retire now.
I’m with you, man! I will always remember my stock broker in 1997 telling me Apple was too risky. “The P/E is too high.” That’s all he could ever say. I’m having the last word.
@Jubei:
Thanks, for saying it.
@Marco
LMAO, go buy google then….. hope you like hot dogs and bologna sandwiches…. for the rest of your life.
re : lukeskymac
Truth hurts.
that’s funny, our stockbroker in ’97 told us the same thing and we didn’t listen to him. i just wish we had been as bold as my wife wanted.
$3.33!!! And I was joking when I said $2.96…
Wow™.
@marco
16B yuan perhaps, but on a dollar for dollar basis apple exceeded google’s quarterly revenue by about 100%, earnings by 70%. exceeding analysts optimistic estimates is the standard for stellar. apple did that, google did not.
i apologize if you were attempting to be sarcastic. if you were, it was a poor effort.
part of growing up is when you realize what you say defines you. good luck the rest of the way.
As I’ve posted before, now we know why the iPad was delayed from “late March” to “early April.” Apple did need any extra boost in revenue or profit during the March quarter from the first weekend sales and shipped pre-orders of iPad; they wanted to put it into the June quarter, where iPhones sales may be lower due to the wait for the new models.
These numbers are really impressive.
> revenues up 49 percent and profits up 90 percent,
That means Apple made more profit for each dollar earned. Apple should lower prices.
” width=”19″ height=”19″ alt=”smile” style=”border:0;” /> Almost a doubling of profit from a year ago is amazing. Glad to be a shareholder. Looking for a good time to sell part of my holdings, but I’m glad I didn’t have the sell order at $250.
Marco, how ignorant can you be? go take some classes in asset management and securities analysis, or at least read!!!! Apple and Google are not comparable! Different business models, different growth assumptions, pretty much different in everyone.
Mac and iPhone unit sales can not be taken as is! You need to look at unit growth and how it compare to the rest of its competitors in computing industry and phone makers. Hypothetically, if Dell sells 100 million PC but with a NEGATIVE growth in absolute and relative terms. In this scenario, that means Dell has exhausted its growth opportunities, at least for the most current quarter, which means, earning and price of the stock will cease to grow, at least for the next quarter.
Stock market operates on expectations on future earning growth. Apple surpasses market expectation, Google did not. That’s why Apple’s numbers are strong and Google’s number is week as view by the market.
If you are ignorant in securities analysis and stock market analysis, and common sense in judgement, just take a look in the stock charts of Apple and Google in the most current 3 months. I am sure you can tell which one is going up and which one is going down right?
That is just common sense.
It seems that MDN has this template message entitled “Apple Obliterates Street with Record Quarterly Earnings”, and whips it out every three months, replacing a few numbers here and there but essentially changing very little else. It’s quite convenient, considering that Apple is so predictable… Makes for easy journalism!
How close to the abomination that is MSFT is AAPL with this after-market shindigs?
MDN MW: ‘value’ as in I should have used that term up there somewhere.
In the middle of the worst recession ever
In Apples weakest quarter
Record earnings and an iPad Avalanche just starting up
A few great new products in the pipeline for this year
And were only in April
Lot of juice left in this Apple for the long term
You are that Dallasm moron that trolls around here, aren’t you? Come on, admit it. It’ll be good for what’s left of your benighted, besotted soul.
You are to be pitied AND censured, you poor, poor (and I do mean POOR) bastard. How very lonely you must be. (By the way, I made $102,600 in after hours trading this afternoon. JUST this afternoon. DId YOU?)
With any luck the share price will go up at least $10 tomorrow AM.
Is it funny? Apple make more money per unit when they sell more products. Other PC makers like Dell etc make less money.
Goes to show that if you want to take advantage of the economics of scale it is important to make products that everyone wants. Sure people buy Dell stuff but they do it because it is cheap and Dell have to drop their margins to keep growing.
According to data, Apple has 3% market share in overall cell phone (not just smart phone), and captures 30% profit of the entire industry.
The same argument also holds true for Apple’s computer industry.
@ DogGone
> it is important to make products that everyone wants.
Is it also important that you make products that everyone wants THAT NO ONE ELSE CAN OFFER. There is obviously a huge market for Windows-bsed PCs, but basically everyone who makes personal computers (except Apple) offers the same set of products. Therefore, no one company controls supply. You can go to HP, Dell, Toshiba, Acer, etc. Therefore, the more you make (increase supply) the less you make per unit because everyone is doing the same thing. Since no one else can make a Mac OS X computer and Macs are uniquely desirable, Apple can control supply to precisely meet demand. Through clever marketing, Apple can even influence demand to a certain extent.
And that’s why Apple has such a commanding seat versus the competition in profit per unit sold. Apple is the only one (in media players, mobile phones, and computers) who can create products (and user experience) that the competition cannot easily reproduce.
@Marco
You are a dill…
@Marco
Good you made some money finally….how much have you lost in your life time….
you r not only dill….
but also pickle….
a rotten one….
@Marco: “Last week Google had a record quarter of over 16 Billion…” Are you dyslexic, Marco? You can get help for that…
Google’s revenues for the quarter ended March 31, 2010 were $6.8 billion. That’s six-point-eight, Marco.
http://investor.google.com/earnings/2010/Q1_google_earnings.html
Marco will have a better understanding of sales and profits after he starts 5th grade this fall.
Hey folks, y’all should know better than to respond to trolls like Marco.
______________________________________
Apple continues to Amaze!
“In the middle of the worst recession ever”
Uh, no. At least not yet.
Responding to trolls is what makes the innertubes fun.
Apple will soon be the largest corporation on the planet. It will soon eclipse Microsoft and Cisco.
You read it here first, unless you aren’t reading my comments, in which case you’re an uniformed dolt.
Happy Tuesday.
And now, over to Windows Apologist Paul Thurrott for the spin!!
Yet not surprised on this 2Q Record Revenue numbers.
BTE of 4Q 2010 Revenue = $58 Billion!!!!
Wow , double Wow
It is only the start of a long friendship with my 401k, aye!
Think I’ll sell three of my shares of Apple and buy that iPad WiFi/3G that I’ve been holding out for . . .
Thanks Steve!
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