iLounge

By Charles Starrett

Senior Editor, iLounge
Published: Wednesday, April 22, 2009
News Category: Apple

Reporting its second quarter financial results today, Apple said it sold 11.01 million iPods during the quarter. Despite Apple’s introduction of the third-generation iPod shuffle during the quarter, iPod sales growth was modest compared to the year-ago quarter, with only three percent growth in unit sales. It also sold 3.79 million iPhones in the quarter, down slightly from the 4.363 million sold in the first quarter, but more than double the 1.7 million units sold in the second quarter of 2008.

The company posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion, or $1.33 per diluted share, compared with revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share in Q2 2008. Sales of Other Music Related Products + Services were up 19% over the year-ago quarter and roughly 4% over the first quarter of 2009, to $1.049 billion total. That category includes iTunes Store sales, iPod services, and revenues from Apple and third-party iPod accessories. Revenue from iPhone and Related Products & Services, which includes iPhone handset sales, carrier agreements, and Apple-branded and third-party iPhone accessories, was $1.521 billion, up 22% from Q1 2009 and 302% 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.”