Apple Sells 8.75 Million iPhones in Q2

Apple announced its second quarter earnings results today and, once again, the company outperformed market expectations with its best non-holiday quarter ever. The company posted $13.50 billion in revenue and a net quarterly profit of $3.33 per diluted share. This obliterates Wall Street estimates of $2.45 a share.

It was also a big quarter for Mac and iPhone sales. The company sold 2.94 million Macintosh computers — that’s a 33% increase year-over-year. It also sold 8.75 million iPhones in the quarter for 131% growth year-over-year. Furthermore, the company sold 10.89 million iPods, which is a 1% decrease year-over-year.

In a statement, Apple CEO Steve Jobs said, “We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent. We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.” Apple will be holding its Q2 conference call at 5:00 EDT today at http://www.apple.com/quicktime/qtv/earningsq210/.

Conference Call Highlights:
– CFO Peter Oppenheimer giving overview of quarterly results, notes that PC industry grew 24% year-over-year, while Mac grew 33%.
– Breaking out iPod results, iPod touch grew 63% year-over-year, with iPod revenue up 12%. Apple maintains over 70% share of MP3 player market.
– iTunes Store brought in $1.1 billion, with over 4 billion App Store downloads so far.
– Thrilled with iPhone sales, 8.75 million is most ever. Growing at three times the overall market rate.
– Very happy with iPad sales so far. 3G on track for April 30th in U.S. Nine more countries coming in late May.
– Retail store sales up 22%, and 50% of retail store Mac purchasers continue to be new to Mac.
– Apple on track to open 40-50 new stores this fiscal year.

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