News, info, and opinion by Mac users, for Mac users.

April 23, 2008

money

The numbers game: liveblogging Q2 2008 earnings

Posted Apr. 23, ’08, 1:44 PM PT by Dan Moren
Category | Money

q2webcast.jpgDoctor, Doctor, Mister MD, will you tell me please what’s ailin’ me? Looks like I’ve got a bad case of Apple financial fever, baby! It comes just four times a year, so get ready for the fun and excitement of finding out just how Apple’s results stack up (hopefully without all the delirium and chills that actual fever brings with it). As promised, we’ll be liveblogging all the fun over at Macworld, just as soon as it kicks off at 5PM Eastern (2PM Pacific).

But Apple’s not about to keep us in suspense. It’s already put out a press release of the quarterly highlights which we, in all due diligence, shall break down for you here. As expected, Apple had another bang-up quarter, reporting revenue of $7.51 billion and profits of $1.05 billion, which translates to earnings of $1.16 per diluted share (that’s considerably higher than the guidance CFO Peter Oppenheimer offered in January). Compare that to the year ago quarter, where revenue was $5.26 billion and profit was $770 million, and it all looks pretty tasty.

Mac sales continued very strong: 2,289,000 units sold, with 51% unit growth and 54% revenue growth year over year; iPods sold 10,644,000, which was about flat with 1% unit growth since last year and 8% revenue growth; and the iPhone sold 1,703,000 units. As should surprise nobody by now, this was a record March quarter for Apple, bringing them to over $17 billion in revenue for the first half of FY 2008. In looking forward to Q3, Oppenheimer offered a forecast of $7.2 billion in revenue, and $1.00 even in earnings per diluted share.

Okay, it’s all well and good, but come on: that’s drier than a bowl of Cheerios in the Sahara. For the real meat-and-potatoes, you want the full liveblog. So hit the link below to read our up-to-the-minute commentary, underway shortly.

Click here to go to the liveblog


Leave a comment

 



Visit other IDG sites: