Apple Q2 net profit up 36%, margins decline
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April 23rd, 2008 • Related • Filed Under
Apple computers announced it’s earnings for Q2 FY08. 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.
Among it’s top 3 businesses
- Apple shipped 2,289,000 Macintosh® computers - 51% unit growth and 54% revenue growth over the year-ago quarter.
- The Company sold 10,644,000 iPods during the quarter, representing 1% unit growth and 8% revenue growth over the year-ago quarter.
- Quarterly iPhone™ sales were 1,703,000.
Apple beat analyst estimates to earn $1.07 on revenue of $6.96 billion. Wall street was disappointed at declining margins. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. Stock was down 0.36% in after hours trading.
