Apple Beats Recession With Its Best Q2 Ever

Despite the doom and gloom all around due to the recession, Apple has posted its best second quarter earnings results in company history.

For its fiscal 2009 second quarter ended March 28, 2009 Apple posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion. These results compare to revenue of $7.51 billion and net quarterly profit of $1.05 billion at the end of the same quarter a year ago.

Yes, Apple is making more money off each sale than it did last year. Gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter.

As much PC/Mac talk goes on here though, it wasn’t sales of computers that gave Apple its recession-beating numbers. In fact, sales of Mac desktops and notebooks at 2.22 million is a 3 percent decline from a year ago. iPods were up just 3 percent, selling an impressive 11.01 million during the quarter. The real growth came from the iPhone, selling 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.”

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  • stryk55
    Gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter.

    Is this the "Apple Tax" you pay with any Apple product? That would mean that their products are only worth 63.6 percent of their price...

    But I could be misinterpreting it... :-)
  • matt87_50
    no surprise. in aus an iphone is $900, more than any netbook. seeing as how an iTouch is $300, do you really think that the extra hardware in an iphone is worth TWICE as much as all the hardware shared between them? its just cause no one sees the actual price of the iphone cause everyone gets them for "free" on plans
  • jhansonxi

    We all know about Windows vs. OS X and iPod vs. Zune. So what's happening with all the Windows Mobile phones?