Apple Steams Ahead On Strong Q2 Financials

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.

In the conference call, Apple gave guidance on the iPhone 2.0 – late June. 200k+ downloads of SDK to date, and “1/3 of Fortune 500 interested” in the new iPhone, with enterprise-friendly features.