Apple reports best quarterly profits, up 15% to $1.2B

By Hercules Kataveli, B2P
Published on Thursday April 23, 2009 at 12:50 pm ET
Updated 06-29-09, 9:02 pm ET

Apple released Q2 (ended March 28) earnings, reporting quarterly profits up 15% to $1.21 billion ($1.33 per diluted share) year over year.

The company sold 2.22 million Mac computers in Q2, up 3% year over year. During the same period, 11 million iPods were sold, along with 3.79 million iPhone devices. Oppenheimer said Apple now holds 70% of the U.S. MP3 market.

Apple CFO Peter Oppenheimer said during a conference call, “We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,”

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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