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Rising iPhone, iPod Revenues Boost Apple’s Q2 Bottom Line

Cupertino, Calif. –

second-quarter revenues

soared 48.6 percent to $13.5 billion, and net
income rose 89.8 percent to $3.07 billion, fueled by a 124 percent gain in
iPhone-related revenues and faster growth in iPod revenues.

iPad sales are not
reflected in the financial results because sales began after the second quarter
ended on March 27.

For the quarter,
Apple reported a 124 percent gain to $5.45 billion in worldwide sales of
iPhones, sales of Apple-branded and third-party iPhone accessories, and
revenues from carrier agreements. iPhone unit sales grew in the quarter by 131
percent to 8.76 million.

Also in the quarter,
growth in year-over-year iPod revenues accelerated from the first-quarter
growth rate, and the percentage decline in unit sales shrank. iPod revenues, excluding
accessories and iTunes store sales, grew 12 percent in the second quarter,
ended March 27, to $1.86 billon, and unit sales fell only 1 percent to 10.9
million. That compares with iPod’s

year-over-year revenue gain

of only 1 percent to $3.39 billion and a
first-quarter unit-sales decline of 8 percent to 20.97 million units.

Also in the second
quarter, iTunes store sales, sales of iPod services, and sales of Apple-branded
and third-party iPod accessories rose 27 percent to $1.33 billion.

For the quarter,
sales of iPods, iPhones, and their accessories and related services soared to
account for 64 percent of total worldwide revenues.

Sales through Apple
stores worldwide grew in the quarter by 22 percent to $1.68 billion.

For the half, net
sales were up 39.2 percent to $29.2 billion, and net income was up 66.5 percent
to $6.45 billion.