Apple does it again. Record Q2 2008
Apple released some hard figures today ahead of the webcast:
* 2,289,000 Macs shipped which represents 51% unit growth, 54% revenue growth
* 10,644,000 iPods shipped which represents 1% unit growth, 8% revenue growth
* 1,703,000 iPhones sold (not going to hit 10 million at this rate)
Revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share
Q2 2007 was $5.26 billion revenue and $770 million profit, or $.87 per diluted share.
International sales accounted for 44 percent of the quarter’s revenue.
If you are scoring analysts at home, RBC Capital analyst Mike Abramsky was pretty close with picks of:
Profit: $1.11 per share
Revenue: $7.2 billion
Gross margin: 34 percent
Macs: 2.2 million
iPhones: 1.8 million
iPods: 10.0 million
Current rating: Outperform
Price Target: $190
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