After a strong Q4 2007, and a strong Q1 2008, Apple unsurprisingly posted a stronger than ever Q2 2008. Apple saw revenue rise from $5.26B USD in Q2 2007 to $7.51B USD in Q2 2008. Similarly, net quarterly profit rose from $770M USD in Q2 2007 ($0.87 per diluted share) to $1.05B USD in Q2 2008 ($1.16 per diluted share). This all bodes very well for Apple’s stock shareholders.
The gross margin dropped from 35.1 percent in Q2 2007 to 32.9 percent in Q2 2008. This was the only major negative in the report, and perhaps a sign that rising flash costs are indeed catching up to Apple. While this may be a sign of trouble to come, Apple showed little signs of it in Q2 2008.
A large part of Apple’s gains were due to the popularity of its Mac computers, particularly the ultra-slim MacBook Air. Apple reported sales of 2,289,000 Macintosh computers in the quarter. This reflects a 51 percent unit growth and 54 percent revenue growth over Q2 2007.
Source: DailyTech