Apple's Q209 earnings. Recession? What recession? (Updated)

Apple, Inc. (NASDAQ: AAPL) is holding its Q209 earnings conference call with analysts today, 22 April 2009 at 5pm ET, 2PM PT. The call is being streamed via QuickTime from Apple's investor Web site.

Highlights of the results include:

• Revenue of $8.16 billion, compared to $7.51 billion in the year-ago quarter
• Net quarterly profit of $1.21 billion, or $1.33 per diluted share, compared to $1.05 billion, or $1.16
• Gross margin was 36.4 percent, up from 32.9 percent
• International sales accounted for 46 percent of the quarter’s revenue
• 2.22 million Macs sold during the quarter, a three percent unit decline
• 11.01 million iPods sold during the quarter, representing three percent unit growth
• 3.79 million iPhones sold, a 123 percent unit growth

A press release has all the details.

Update: WSJ has a live blog of the call that reads like a transcript.