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Apple Posts 43% Gain In Fiscal Q2 Revenue

4/23/2008 04:38:00 PM Eastern

Cupertino, Calif. — Apple reported a 43 percent gain in revenue growth for its fiscal second quarter than ended March 29.

Apple posted revenue of $7.51 billion and net quarterly profit of $1.05 billion. These results compare with revenue of $5.26 billion and net quarterly profit of $770 million in the year-ago quarter.

Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.

Apple shipped 2.289 million Macintosh computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter.

Apple sold 10.64 million iPods during the quarter, representing 1 percent unit growth and 8 percent revenue growth over the year-ago quarter. Quarterly iPhone sales were 1.7 million.

“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.”

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