Apple Continues To Print Money
April 23, 2008 at 2:39 PM (PT)
APPLE once again blew away analyst predictions that its iPod and product line are reaching a plateau, as it announced a 43% jump in second-quarter revenue and better-than-expected sales of iPODS, iPHONES and Macs. Revenue rose to $7.51 billion, compared to $5.26 billion in the second quarter in 2007.
That revenue principally came through the 2Q sales of 10.6 million iPODS, 1.7 million iPHONES and 2.3 million Macs. All three figures beat estimates from analysts polled by THOMSON REUTERS, who expected earnings of $1.07 per share on revenue of $6.96 billion. APPLE finished with earnings of $1.16 per share as it generated a over half-billion dollars more than expected.