Apple Q2 2008: 10.644m iPods, 1.7m iPhones sold | iLounge News

News

Apple Q2 2008: 10.644m iPods, 1.7m iPhones sold

Reporting its second quarter financial results today, Apple said it sold 10.6 million iPods during the quarter—on par with most analyst predictions, and pushing the total number of iPods sold to just over 152 million. Despite Apple’s dramatic iPod shuffle price drop during the quarter, which saw the iPod family for the first time become accessible at the $49 price point, iPod sales were almost flat compared to the year-ago quarter, with only 1% growth in unit sales, and 8% growth in revenues. It also sold 1.7 million iPhones in the quarter, bringing the total number of units sold up to 5.4 million as of March 31, a number that is likely over 6 million by now.

The company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share, compared with revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share in Q2 2007. Sales of Other Music Related Products + Services were up 35% over the year-ago quarter and 9% over the first quarter of 2008, to $881 million total. That category includes iTunes Store sales, iPod services, and revenues from Apple and third-party iPod accessories. Total iPhone revenue, including carrier agreements and all iPhone accessories from Apple and third parties, was $412m, up 57% over the preceding quarter despite a 26% drop in unit sales.

“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.”

« Notes from Q2 2008 Apple Conference Call

Mix: Apple Q2, iTunes video problems, Sony buys Gracenote, Apple buys P.A. Semi »

Related Stories

Comments

1

I don’t know is someone like it or not what i’m going to say now.
Actl. I’m proud of apple, they brought a device (iPhone) to the market with never seen capabilities and yes it has some flaws but you have to see it like this. There are other companies out like NOKIA, MOTOROLA and so on, and they all are out for a good while. They all also seen the mp3 part growing up in cellphones, and instead of trying to reach for the higher they actl. ran in slow motion.

now there is apple, the brought the IPod out and seen the opportunity in the market and they designed a unique device called IPhone. For the first shot i give Apple big applause!!

I’m sure that the future generations of the iPhone will stun us with more extra ordinary features.

Apple did good .. and let’s be patient and see what else apple have up their sleeves ;)

Posted by dennis on April 23, 2008 at 10:12 PM (CDT)

2

I can’t even wrap my brain around a million let alone a billion!  Those numbers are beyond me.

Posted by Mike M on April 24, 2008 at 5:08 AM (CDT)

3

by the way, all i want and need is 0.5% of the money ;)

Posted by dennis on April 24, 2008 at 7:01 AM (CDT)

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this channel entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy