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AAPL Q2'10: revenue up 49%; profit up 90%

Apple (AAPL) announced its Q2 2010 earnings in a conference call with investors and reported another record March quarter.
Written by Jason D. O'Grady, Contributor on

http://images.apple.com/quicktime/qtv/earningsq210/images/earnings_player_Q22010_20100420.pngApple reported another record March quarter in its conference call with analysts this afternoon. From the press release:

The Company posted revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share. These results compare to revenue of $9.08 billion and net quarterly profit of $1.62 billion, or $1.79 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent, up from 39.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.

Apple sold 2.94 million Macintosh® computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.75 million iPhones in the quarter, representing 131 percent unit growth over the year-ago quarter. Apple sold 10.89 million iPods during the quarter, representing a one percent unit decline from the year-ago quarter.

Between The Lines' Sam Diaz has more of the story and notes that shares of AAPL were down slightly in regular trading, closing at $244.59, but were up in after-hours trading.

If you missed it, you can listen to a re-broadcast or you can subscribe to the Apple Quarterly Earnings Call podcast in iTunes. (Note: the podcast hasn't been updated as of press time, but should be on Wednesday.) If you're more of a text person, Seeking Alpha has posted a text transcript of the conference call.

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