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Apple CEO Steve Jobs holds a custom Intel Core 2 Duo processor used in the MacBook Air  (Source: Reuters)
It seems a bad move to bet against Apple when it comes to financial outlooks

Never one to keep silent of its accomplishments, Apple was quick to proclaim on Wednesday its resounding Q2 success, amid signs of a slowing consumer economy.  Analysts predicted early this year that Apple might struggle due to rising costs of flash memory, and perhaps unwillingness from consumers to pay $200+ for a piece of Apple electronics.  Unfortunately for Apple's detractors, this does not appear to be happening.

After a strong Q4 2007, and a strong Q1 2008, Apple unsurprisingly posted a stronger than ever Q2 2008.  Apple saw revenue rise from $5.26B USD in Q2 2007 to $7.51B USD in Q2 2008.  Similarly, net quarterly profit rose from $770M USD in Q2 2007 ($0.87 per diluted share) to $1.05B USD in Q2 2008 ($1.16 per diluted share).  This all bodes very well for Apple's stock shareholders.

The gross margin dropped from 35.1 percent in Q2 2007 to 32.9 percent in Q2 2008.  This was the only major negative in the report, and perhaps a sign that rising flash costs are indeed catching up to Apple.  While this may be a sign of trouble to come, Apple showed little signs of it in Q2 2008. 

A large part of Apple's gains were due to the popularity of its Mac computers, particularly the ultra-slim MacBook Air.  Apple reported sales of 2,289,000 Macintosh computers in the quarter.  This reflects a 51 percent unit growth and 54 percent revenue growth over Q2 2007. 

The company continues to do well with its iPods and iPhone, but saw largely stagnant growth.  Apple sold 10,644,000 iPods over the quarter, up 1 percent in units from last year, and 8 percent in revenue.  It sold a modest 1.7 million iPhones during the quarter.

Steve Jobs, Apple’s CEO, was quick to toot his company's own horn upon the news of the success.  He stated, "We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history.  With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters."

Chiming in was Peter Oppenheimer, Apple’s CFO, who offered more glowing comments.  Oppenheimer noted, "We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion.  Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00."

Apple has seen strong growth in the PC industry and may soon launch its new 3G iPhone.  However, the company has been hurt by an embarrassing campaign against the city of New York and its malware-like distribution attempts of Safari, which led to the company unwittingly encouraging the massive violation of its own EULA.





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RE: Competition Will be good
By Reclaimer77 on 4/24/2008 4:34:03 PM , Rating: 2
quote:
Currently, my dad who lives a few states away has problems understanding how to do ipconfig /all....


Yes clearly this means Windows users are ignorant and not as tech savvy as you Linux users. Because we all know senior citizens are freaking gods when it comes to computers right ?

You know your whole post just dripps with typical Linux user snobyness. I never understood that about your kind. Yes, congrats, you learned Linux. Here is your medal sir ! Your so much better than everyone else. The world bows to your awesomeness. Just imagine, if only someday, people were more like you and got a clue there would be no wars, disease, etc etc.

Linux isn't less successful for the reasons you think. I.e everyone being stupid.
quote:
Windows guy: Dude Windows is better, we can play games etc (repeat the usual Windows response verbatim)"


Yeah, what you mean is that Windows runs all the software he prefers to use, plays all games without configuring emulation crap like Wine, and works with ALL his current hardware without driver headaches ? Oh my god, this guy is a complete idiot ! Where does he get off thinking pc's are tools meant to help us work and enhance our lives !?!? Doesn't he know he should learn Linux, for no reason, just because a bunch of people on the internet insist its better for him !!??

quote:
In fact I dare say many people would be surprised at how pretty and fancy Linux can be...


Wtf does being pretty and fancy have to do with anything ? Oh thats right, because you assume all Windows users are just mindless morons who like to click on pretty icons with a pretty desktop background !

In short, sit down and shut up and just use what works best for you. Mastering Linux does not give a license to hassle everyone else about their choice of OS and browbeat them.


RE: Competition Will be good
By Runiteshark on 4/24/2008 5:10:32 PM , Rating: 2
See, you are one of the idiots I could imagine partaking in a real conversation as I mentioned above.

You miss the point, I don't care what OS you use. All I was saying is that its a pain in the ass to support users with Windows now, and gave an example of my dad, and that I couldn't imagine how bad it would be for supporting Linux. In further addition, I made that script because I envision that how zealous Linux users would attack Windows users and visa versa.

Nowhere in my post did I say one was superior to another, and I never said that I was a super linux g0d, or that knowing how to use it was important.

As for your amazing comment regarding pretty and fancy, I was saying that the GUI's that you can get on Linux are a lot better then even I expected, as well as my friend. People who always gloat over Mac OSX's eye candy or Vista's would be pleasantly surprised how nice some nix GUI's can be.


"It looks like the iPhone 4 might be their Vista, and I'm okay with that." -- Microsoft COO Kevin Turner













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