The one thing that may be get people to forget about yesterday’s massive iPhone leak is if Apple (NSDQ: AAPL) blows away its second quarter earnings today — and it did.
The Cupertino, Calif.-based company posted revenue of $13.5 billion and a profit of $3.07 billion, or $3.33 a share. Analysts expected earnings of of only $2.44 a share on $12 billion in revenue. Even for Apple, which typically beats expectations, the numbers are excellent and mark the company’s best non-holiday period ever. In the same period a year ago, Apple recorded revenues of of $9.08 billion and a profit of $1.62 billion, or $1.79 a share.
Apple sold 2.94 million computers (a 33 percent increase over Q2 2009); 8.75 million iPhones (a 131 percent increase) and 10.89 million iPods (a one percent decline). Some analysts guessed Apple would sell only 7.25 million iPhones. Most impressive is that iPhone sales were flat or slightly up compared to the previous period, which includes the busy holiday season. In the year ago period, Apple sold 3.79 million iPhones.
Outlook: In Q3, 2010, Apple expects revenues in the range of about $13.0 billion to $13.4 billion and diluted earnings per share in the range of $2.28 to $2.39. This period will be the first to reflect Apple’s new iPad, which rolled out during the current quarter and sold 450,000 in the first week it was available, and the new MacBook Pro product line.
The company will host its second-quarter earnings conference call at 2 p.m. Pacific. It can be streamed live at www.apple.com/quicktime/qtv/earningsq210/. The company’s stock was briefly halted before earnings were released, but trading resumed with investors pushing the stock higher in after-hours trading. The stock was up more than $1, or less than one percent, to $245.76 a share.