Apple sells lots of stuff, is rich

Wednesday, April 23rd, 2008

Biggs is the editor of TechCrunch Gadgets. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at john@techcrunch.com. → Learn More

I just got a note from MA informing me of the outcome of the Apple earnings call and, in the immortal words of our dear leader, Apple sold a shitload of stuff.

Apple’s Q2 2008 financial results were very strong and above expectations. The bottom line: they are selling a lot of stuff at very good margins.

Total revenue for the quarter was $7.51 billion; profit was $1.05 billion, or $1.16 per diluted share (up from $.87/share a year ago). Profit estimates were in the $1.10/share range. 2.3 million Macs, 10.6 million iPods, 1.7 million iPhones. The company now has nearly $20 billion in the bank and maintains 73% U.S. market share for music players. They expect to sell 10 million iPhones this year.

Whoa. Nelly.

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