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Thursday, April 24, 2008

Apple News Update: Q2'08 Financial Announcement

Apple 2Q profit, sales beat Wall Street, but stock wobbles on guidance below estimates

Highlight:

Revenue:
Sequential Quarter decline 21% from $9.608 billion to $7.51 billion as usual due to Q1 was X'mas/Holiday session.
Y2Y of Q2 rose 42% from $5.264 billion to $7.51 billion

EPS:
Y2Y of Q2 rose 33% from $0.87 (with $0.77 billion Net Profit) to $1.16 (with 1.05 billion Net Profit)

Other:
2.29 million Mac Computers and 10.6 million iPods sold, a 51% & 1% increase over past year for Q2 respectively.
1.7 million iPhones sold and on-track with 10-million unit target.
Gross margin was decline from 35% to 33% a year ago.

Q3 Outlook:
Expects to earn $1 a share on revenue of $7.2 billion vs. Analysts forecast Apple to earn $1.09 a share on $7.23 billion in sales.

News Link
Previous Q1 Result

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