The good, the bad and the...
A bunch of technology companies announced their earnings for the second calendar quarter yesterday and the pick of the bunch was Apple.
Despite being in the middle of a major global recession, Apple managed its best Q2 ever, with revenue of $8.34 billion and a net quarterly profit of $1.23 billion. These represent year-on-year increases of 11.2 and 15 percent respectively and Apple forecast revenue of around $8.8 billion in the next quarter.
"We're making our most innovative products ever and our customers are responding," said Steve Jobs, Apple's CEO, back at the helm after six months off for health reasons. "We're thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year."
While Apple sold a few more Mac than it did a year ago, Ipod sales declined. The conspicuous success, however, as the iPhone, of which 5.2 million were sold in the quarter, representing a whopping 626 percent unit growth over the year-ago quarter. Apple's shares were up over three percent in pre-market trading.
