14 DAY TRIAL // Earlier this week, Apple announced the Second Quarter Results Conference Call for its fiscal year 2009. The conference call was scheduled for Wednesday, April 22, 2009, at 2:00 p.m. PDT/5:00 p.m. EDT. As promised, Apple has disclosed financial results for its fiscal 2009 second quarter, ended on March 28, 2009.
According to an official report issued yesterday, Apple posted a revenue of $8.16 billion and a net quarterly profit of $1.21 billion, or $1.33 per diluted share. In the year-ago quarter, Apple posted a revenue of $7.51 billion and a net quarterly profit of $1.05 billion, or $1.16 per diluted share. The gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter, with international sales accounting for 46 percent of the quarter’s revenue.
The Company recognizes revenue and cost of goods sold for iPhone and Apple TV over their estimated economic lives, in accordance with the subscription-accounting treatment required by GAAP, according to the report. As such, the corresponding non-GAAP measures for the quarter are $9.06 billion of “Adjusted Sales” and $1.66 billion of “Adjusted Net Income,” by adjusting GAAP sales and product costs to eliminate the impact of subscription accounting.
And now for the best part – Apple claims to have sold roughly 2.22 million Macintosh computers during Q2 2009. These figures represent a three percent decline from the year-ago quarter. The iPod has done better for Apple, selling 11.01 million units during the quarter, up three percent compared to last year's results. As for the third pillar of Apple's business, the iPhone sold 3.79 million units in Q2, representing a whopping 123 percent unit growth over the year-ago quarter.
“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” Peter Oppenheimer, Apple’s CFO, said. “Apple’s financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00.”
The audio webcast of Apple’s conference call discussing Q2 – 2009 financial results is available here (QuickTime required to listen).