Apple Rocks The House

Say what you say about the Mac vs PC debate... but Apple is rockin' and rollin' with its best 2nd quarter earnings in history.

Here are some notes from Tech Crunch listening in to the live call report from Apple.

• Best non-holiday quarter earnings in history
• Operating margin was one of the highest ever
• $1.33 earnings per share
• Non-GAAP numbers are even better (Apple uses those to take iPhone and Apple TV sales into account)
• 3% decline year over year in Mac sales
• Strong sales of iLife ‘09 and iWork ‘09
• Over 11 million iPods, new March quarter record — iPod touch particularly strong
• Share of US market over 70% for iPod, and gaining share in most international markets
• 35,000 applications in App Store
• Hours away from 1 billionth app download
• “years ahead of competition”
• 123% increase in iPhone sales year over year
• iPhone now in 81 countries
• $1.47 billion in Apple Store revenues
• Almost half of Mac sales in stores are to new customers
• Only 1 new store opened, 252 stores total — but more people came to the stores
• 25 stores open in 2009, half out which will be outside US
• $28.9 billion in cash, $800 million more than the last quarter
• Cash will be used for “preservation of capital”
• $7.7 billion to $7.9 billion in revenues seen for Q3 — but they are holding off on iPhone numbers until iPhone 3.0 software comes out (in the summer)
• New products are in the pipeline (not named obviously)

You can view the entire article from Tech Crunch here.

I'm not saying I'm 100% crossed over to Mac... yet! But I've got to admit, between the iPhone and the hardware & operating systems of their laptops... I'm very, very close.

Have a great weekend!

Comments

[Dana]

I love what was said about their cash flow. "Preservation of capital". Business owners know cash flow can make or break a company. We can all take a lesson from Bill. Preservation of capital, AKA save for a rainy day.
I love apple not only because of their great products, but the Distribution Center in Elk Grove is good for our business :-)

[BarryOnline.com]

Dana, very cool. Hope your mini-vacation was great.