Apple Reports $1.2 Billion In Earnings…. Says “What Recession?”

I guess those Microsoft laptop ads haven’t affected Apple at all. I say that because Apple has just posted their earnings and they are in a word, stunning:

Apple® today announced financial results for its fiscal 2009 second quarter ended March 28, 2009. The Company posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion, or $1.33 per diluted share. These results compare to revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share, in the year-ago quarter. Gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue.

Wow. Clearly the recession isn’t affecting them. But the news isn’t all rosy:

Apple sold 2.22 million Macintosh® computers during the quarter, representing a three percent unit decline from the year-ago quarter. The Company sold 11.01 million iPods during the quarter, representing three percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 3.79 million representing 123 percent unit growth over the year-ago quarter.

Okay, so Mac sales and iPod sales were basically flat. But those iPhone sales are off the hook. How does Apple feel about those results?:

“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” said Peter Oppenheimer, Apple’s CFO.

I bet you are. The markets seem to like this as Apple shares which were down ahead of the earnings report, are up a bit in after hours trading.

If you want all the details straight from Apple HQ, the earnings webcast is available at starting at 5PM today.

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