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Apple has another strong quarter

It's been a big few months for Apple. The company announced its iPad in early January and began sales earlier this month. The 9.7" tablet saw impressive sales during its first weekend and continues to do well. Apple also discussed iPhone OS 4.0 which will grace the iPhone and the iPod touch this summer (it will come to the iPad in the fall). In addition, Apple also announced a brain transplant for its MacBook Pro lineup with new Core 2 Duo and Core i5/i7 processors.

And of course, we can't forget the monumental iPhone 4G leak from this weekend that undoubtedly sent Steve Jobs' blood pressure sky rocketing -- we also wouldn't be surprised if he took up a Steve Ballmer pastime of throwing chairs.

Today, however, Apple is ready to discuss money and by all accounts, the Cupertino, California-based company made tons of it during the second quarter. Q2 revenue was impressive at $13.5 billion against estimates of $12.04 billion – net profit was $3.07 billion. Apple had earnings per share of $3.33 per share against a forecast of $2.45 per share. Gross margins were 41.7% versus an estimated 40%. Revenue guidance for Q3 is $13 to 13.4 billion.

When it comes to products, Apple sold 2.94 million Mac computers, a whopping 8.75 million iPhones, and 10.89 million iPods during the quarter.

“We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Apple CEO Steve Jobs. “We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

In other Apple news, the company just released iPhone OS 4.0 Beta 2 into the wild.





"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer







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