Apple 2Q 2008 Revenue Results; Impressive Company Statistics

by Jody Mitoma on April 28, 2008 at 10:51 am

Jobs proudly introducing the iPhone way back when. Apple recently posted their second quarter revenue results. The company reveals a revenue of $7.51 billion, and a net quarterly profit of $1.05 billion, or $1.16 per diluted share. This is in comparison to only (yeah, okay..) $5.26 billion revenue and $770 million profit, or $0.87 per diluted share from a year ago.

Gross margin is 32.9% this quarter, comparing to last years same quarter, which was 35.1%. International sales accounted for 44% of the quarter’s revenue.

Sales notes from the quarter:

2,289,000 Macs shipped (51% unit growth, 54% revenue growth)
10,644,000 iPods shipped (1% unit growth, 8% revenue growth)
1,703,000 iPhones sold

Steve Jobs says:

“We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.”

“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.”

Keep reading to check out some pretty interesting company statistics.

Here are some interesting statistics that came out of the April 23rd conference call:

Pleased to report highest March quarter revenues and profit in history.
Very strong Mac demand.
Revenue growth accelerated to 43%, up from 21% last year.
Retail sales up 74%
Number of visitors in retail stores up 57%.
Mac sales up 3.5 times the rate of PC industry as a whole.
3-4 weeks of Mac channel inventory at quarter’s end.
Very pleased with customer response to iPod touch.
iPod shuffle sales were down until price drop, then accelerated.
73% share of MP3 player market.
iTunes Store with 85% of legal music download in US. Movie rental service well-received.
200,000 developers have downloaded iPhone SDK. One-third of Fortune 500 companies have contacted Apple about the program.
Retail stores: 208 stores. Looking forward to opening first stores in Australia, China, and Switzerland.
$19.4 billion in cash. Generated $4 billion in cash over the last two quarters.
Q3 Outlook: Targeting $7.2 billion revenue, gross margins of 33%, earning of $1.00 per share.