Thursday, April 23rd 2009
Apple Reports Second Quarter Results
Apple today announced financial results for its fiscal 2009 second quarter ended March 28, 2009. The Company posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion, or $1.33 per diluted share. These results compare to revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share, in the year-ago quarter. Gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter's revenue.
In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone and Apple TV over their estimated economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures for the quarter are $9.06 billion of "Adjusted Sales" and $1.66 billion of "Adjusted Net Income."
Apple sold 2.22 million Macintosh computers during the quarter, representing a three percent unit decline from the year-ago quarter. The Company sold 11.01 million iPods during the quarter, representing three percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 3.79 million representing 123 percent unit growth over the year-ago quarter.
"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's CFO. "Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00."
Apple will provide live streaming of its Q2 2009 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 April 22, 2009 at www.apple.com/quicktime/qtv/earningsq209/ and will also be available for replay for approximately two weeks thereafter.
Click on the Source link for the full report.
Source:
Apple
In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone and Apple TV over their estimated economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures for the quarter are $9.06 billion of "Adjusted Sales" and $1.66 billion of "Adjusted Net Income."
Apple sold 2.22 million Macintosh computers during the quarter, representing a three percent unit decline from the year-ago quarter. The Company sold 11.01 million iPods during the quarter, representing three percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 3.79 million representing 123 percent unit growth over the year-ago quarter.
"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's CFO. "Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00."
Apple will provide live streaming of its Q2 2009 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 April 22, 2009 at www.apple.com/quicktime/qtv/earningsq209/ and will also be available for replay for approximately two weeks thereafter.
Click on the Source link for the full report.
17 Comments on Apple Reports Second Quarter Results
There so many better players / phones you can get and people just get brainwashed by their marketing and buy iPods. whadahell ¬_¬
Sorry for the rant, but that new Shuffle really gets to me. If they had kept the same general form and controls on the old one and then added a screen it would have been a hit.
Apple's major success can be contributed greatly to the Apple stores that have popped up. Being that they control the hardware their software gets loaded onto, they are in a position unlike Microsoft where PC's are sold anywhere from dell's website to comp USA. People at Apple stores can be far more helpful, supportive, and knowledgeable about the product than a salesperson at a place like bestbuy.
What irritates me about Apple is the inflated price. They make good computers, but they are TOO expensive for what they do, and they don't have an inexpensive option for people on a budget. Mac users tell me things like, "What do you mean it's overpriced? I really like my computer!" and I tell them for the price, they damn well better.
The only special thing about a mac is the badge and the case.
I've discussed this many times with Mac owners. Inevitably they agree osx can be ran on hardware specs far lower than what Apple offers. Think of it this way, the mac book air runs it fine right? Well those specs don't always need to be squeezed into a half inch laptop case. They could definitely offer something more affordable for your average consumer.
Why do I care? Well I know it sounds weird but I WANT more people to flock to Macs. This will only drive competition for better products on our end. Not cheaper, better.
And the Mac Mini is reasonably priced. In fact, it has a better price AND better performance than any Windows Mini PC I've seen in that formfactor.
And people keep buying iPods because there are a shit-ton of accessories for them (More so than any other PMP on the market), and Apple has a great marketing team.
Still, it doesn't surprise me Apple is doing well. Except for the memory sector, pretty much all electronic industries are doing exceptionally well considering the economic climate.
Bad news for MS:
Microsoft quarterly revenue drops for first time in company history; net income plummets 32%
Apple :nutkick: MS
Please do not compare a cheap affordable Hyundai to BMW/Mercedes-Benz.:laugh: The reason cars like Mercedes cost as much as they do is the same reason to an extent Mac's cost so much. Most P.C are manufactured all over the world then parts are brought to one location where the PC is assembled. And in doing so Windows has to function with all these different vendors products. So in essence the products are built to comply with windows OS and other manufactures products, as to were MAC's are made by apple. They make their own boards for starters, their own chip set, even the GPU is pretty much designed by apple. They give Nvidia the spec sheet and that's that. Not the other way around as with windows. Example: Nvidia/ATI design a card to work with windows os produce the card and then were stuck with driver up date after driver up date for the next year, till finally the card works as it should. Mac however has OS-X designed to work with their hardware.
Think if Intel built computers and owned Microsoft. Or if Microsoft designed boards etc.etc.
Seriously people this PC/MAC thing has to stop. I love my PC and a lot of people would pry kill to have it. But at the same time I enjoy my MacBook Pro for the simple reason it works. No BSOD's, No random crashes out of no where, no constant updates needed. And it's sexier than my PC:D But I'm not going to sit here and be narrow minded, My PC is a work horse and has made me a lot of money. Hell I just made 800 dollars today thinks to my PC.
I used to think the same think about mac's with the price and everything till I finally gave in a bought one. Now all photo and video editing is done with it, and then I use my PC to encode the final product if need be.