On Wednesday, April 23rd, Apple released its financial results for the second quarter of 2008. The company boasted a US$1.05 billion quarterly profit, citing 2.2 million Macs, 10.6 million iPods and 1.7 million iPhones sold. Total revenues equaled US$7.51 billion or US$1.16 earnings per share.

The following facts were also released within the conference call:
-Highest March quarter revenue to date.
-Revenue: US$7.51 billion, US$2.51 billion increase in year over year comparison.
-Operating margin of 17.5%.
-Net revenues: US$7.51 billion.
-Net income: US$1.05 billion.
-US$1.16 earnings per share, up 33% in year over year comparison.
-Apple expects US$1.07 earnings per share in the next quarter.

-40% U.S. sales growth year over year, 47% international sales growth in year over year comparison.
-51% increase in Macs sold in year over year comparison.
-U.S. education growth rate of 35% in year over year comparison.
-2.29 million Macs sold, representing a 51% growth rate in year over year comparison.
-350% compared to PC market growth in year over year comparison.
-37% year over year increased sales of desktops in year over year comparison.
-61% year over year increased sales of notebooks in year over year comparison.
-3-4 weeks of Mac channel inventory at the end of quarter.
-10.6 million iPods sold (1% growth in year over year comparison).
-The iPod now holds 73% of the U.S. MP3 player market share.
-Began and ended the quarter with 4-6 weeks of iPod channel inventory.
-International sales accounted for 44% of this quarter's revenue.
-iTunes Store has surpassed Wal-Mart in terms of online music store market share in the United States.
-Movie rental service has been well received and Apple now selling television content in Germany.
-1.7 million iPhones sold in quarter.
-Approximately 5.7 million iPhones have been sold to date.
-Apple expects the 10 million iPhone sales goal to be reached in fiscal 2008.
-Austria and Ireland added to iPhone market in quarter.
-US$1.93 billion in revenue from iPhone and Apple TV.
-Over 200,000 developers have signed up and downloaded the iPhone SDK.
-Over one third of Fortune 500 and hundreds of higher education institutions have offered applications for the iPhone.
-Apple retail stores sold 458,000 Macs during the quarter.
-4 new Apple Store locations, bringing the total to 208 worldwide.
-Average revenue per store increased 34% in year over year comparison.
-Over 580,000 one hour training sessions delivered in the Apple Store.
-Expect to order 45 new stores in fiscal 2008.
-32.9% gross margin.
-Apple has US$1.16 billion in operating expenses.
-Apple has US$19.4 billion in cash reserves.
-Apple has US$2.6 billion in net income.
-Apple is targeting revenue of about US$7.2 billion for Q3 2008.
-Earnings per share of US$1.00 expected for Q3 of 2008.
-iPhone 2.0 software expected in late June.
-Lower commodity pricing for DRAM and NAND components, which became favorable for Apple.
-Apple cited more than 400 Best Buy locations with this number growing.
-Apple is guiding to US$7.2 billion in gross revenues for the next quarter.
-Apple expects to open 45 new Apple Store locations in 2008.

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