Apple announces 88% increase in profits in Q2 2007
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![AAPL Q2 2007 Results](https://www.zdnet.com/a/img/2014/10/04/6c519489-4b99-11e4-b6a0-d4ae52e95e57/q2-07-player.jpg)
On the call from Apple were Nancy Paxton, Sr. Director, IR and Corporate Finance, Peter Oppenheimer, CFO and Timothy Cook, COO.
Apple posted revenue of US$5.26 billion and net quarterly profit of US$770 million, or US$0.87 per diluted share. These results compare to revenue of US$4.36 billion and net quarterly profit of US$410 million, or US$0.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.
The conference call will be available as a continuous rebroadcast through Wednesday, May 2 at 8:00 p.m. EDT. Thompson First Call has posted a transcript (PDF, 231k) of the call.
Update: AAPL shares are up US$7.25 (7.60%) in pre-market trading to US$102.60.