Mac sales up, Iphone sales up, Ipod sales up...., and the results don't include any of the Ipad sales because it started selling only after the fiscal Q2 ended 
http://www.cnbc.com/id/36665630
Apple Earnings, Sales Easily Top Street's Expectations
Published: Tuesday, 20 Apr 2010 | 7:01 PM ET
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By: CNBC.com with Wires
Apple turned in a quarter that blew past analyst forecasts as sales of iPods, iPhones and Macs each exceeded expectations.
The company's shares were up more than 5 percent in extended trading. Get after-hour quotes for Apple here.
Apple said it earned $3.07 billion, or $3.33 a share, in its fiscal second quarter, up from $1.33 a share last year.
Sales for the most recent period rose to $13.5 billion, up from $8.163 billion last year.
The results blew past forecasts. Wall Street analysts who follow Apple expected on average that the company would earn $2.45 a share on revenue of $12.036 billion, according to numbers compiled by Thomson Reuters.
"It's unbelievable," said Analyst Shaw Wu of Kaufman Brothers. "They totally crushed the quarter. It seems really strong across the board. The iPhone numbers nearly match the Christmas sales numbers. You have to ask whether Christmas has come again for Apple in March."
Apple said it sold 8.75 million iPhones, 10.89 million iPods and 2.94 million Macs in the quarter. The Mac sales figure marked a 33 percent increase.
The Street was looking for sales of about 7.5 million iPhones, 10 million iPods, and 2.9 million Macs.
"It was phenomenal. Clearly Apple's market share gains—on a number of fronts—has continued as consumer spending has somewhat resumed," said Daniel Ernst, an analyst with Hudson Square Research. "The interesting thing is how that tracks when we actually get real consumer spending growth. We haven't gotten that yet.
"They beat earnings by $1—so how can anyone say they are highly valued? I would argue that the stock is inexpensive on a growth metric."
Peter Oppenheimer, Apple's chief financial officer, said in an interview with AP that Apple sold more iPhones than in any previous quarter, with strong sales coming from both existing and new mobile carriers.
Although AT&T remains the exclusive U.S. carrier, Apple has been selling phones through multiple carriers in other countries.
Shares of AT&T also were higher in late trading Tuesday. Get AT&T quotes in extended hour by clicking here. That stock finished the regular New York Stock Exchange session [T 26.66 0.28 (+1.06%) ] at $26.66.
Apple, which typically offers conservative forecasts, projected revenue of $13 billion to $13.4 billion in the current, June quarter. Wall Street had been targeting revenue of $12.97 billion.
Also the current quarter, Apple forecast earnings $2.28 to $2.39 a share. Wall Street had expected about $2.70 on average.
Analysts Want to Know More About iPad
Apple didn't start selling the iPad until after the fiscal second quarter ended, but analysts were pressing for details after Apple said it would have to postpone the international launch of its new tablet computer.
Tim Cook, Apple's chief operating officer, said there are no production problems with the iPad. The international launch has been delayed only because of demand in the U.S., where Apple said it sold more than 500,000 iPads in its first week.
"It has shocked us, the level of demand, at least initially. We'll see what happens from here," Cook said.
Apple shares finished the Nasdaq's regular session [AAPL 244.59 -2.48 (-1%) ] down 1 percent at $244.59. A halt was placed temporarily on the company's stock before the earnings report came out.
- AP and Reuters contributed to this report
http://www.cnbc.com/id/36665630
Apple Earnings, Sales Easily Top Street's Expectations
Published: Tuesday, 20 Apr 2010 | 7:01 PM ET
Text Size
By: CNBC.com with Wires
Apple turned in a quarter that blew past analyst forecasts as sales of iPods, iPhones and Macs each exceeded expectations.
The company's shares were up more than 5 percent in extended trading. Get after-hour quotes for Apple here.
Apple said it earned $3.07 billion, or $3.33 a share, in its fiscal second quarter, up from $1.33 a share last year.
Sales for the most recent period rose to $13.5 billion, up from $8.163 billion last year.
The results blew past forecasts. Wall Street analysts who follow Apple expected on average that the company would earn $2.45 a share on revenue of $12.036 billion, according to numbers compiled by Thomson Reuters.
"It's unbelievable," said Analyst Shaw Wu of Kaufman Brothers. "They totally crushed the quarter. It seems really strong across the board. The iPhone numbers nearly match the Christmas sales numbers. You have to ask whether Christmas has come again for Apple in March."
Apple said it sold 8.75 million iPhones, 10.89 million iPods and 2.94 million Macs in the quarter. The Mac sales figure marked a 33 percent increase.
The Street was looking for sales of about 7.5 million iPhones, 10 million iPods, and 2.9 million Macs.
"It was phenomenal. Clearly Apple's market share gains—on a number of fronts—has continued as consumer spending has somewhat resumed," said Daniel Ernst, an analyst with Hudson Square Research. "The interesting thing is how that tracks when we actually get real consumer spending growth. We haven't gotten that yet.
"They beat earnings by $1—so how can anyone say they are highly valued? I would argue that the stock is inexpensive on a growth metric."
Peter Oppenheimer, Apple's chief financial officer, said in an interview with AP that Apple sold more iPhones than in any previous quarter, with strong sales coming from both existing and new mobile carriers.
Although AT&T remains the exclusive U.S. carrier, Apple has been selling phones through multiple carriers in other countries.
Shares of AT&T also were higher in late trading Tuesday. Get AT&T quotes in extended hour by clicking here. That stock finished the regular New York Stock Exchange session [T 26.66 0.28 (+1.06%) ] at $26.66.
Apple, which typically offers conservative forecasts, projected revenue of $13 billion to $13.4 billion in the current, June quarter. Wall Street had been targeting revenue of $12.97 billion.
Also the current quarter, Apple forecast earnings $2.28 to $2.39 a share. Wall Street had expected about $2.70 on average.
Analysts Want to Know More About iPad
Apple didn't start selling the iPad until after the fiscal second quarter ended, but analysts were pressing for details after Apple said it would have to postpone the international launch of its new tablet computer.
Tim Cook, Apple's chief operating officer, said there are no production problems with the iPad. The international launch has been delayed only because of demand in the U.S., where Apple said it sold more than 500,000 iPads in its first week.
"It has shocked us, the level of demand, at least initially. We'll see what happens from here," Cook said.
Apple shares finished the Nasdaq's regular session [AAPL 244.59 -2.48 (-1%) ] down 1 percent at $244.59. A halt was placed temporarily on the company's stock before the earnings report came out.
- AP and Reuters contributed to this report
