June 2007 -- It was all good for Apple Inc. in its fiscal 2007 second quarter ended March 31, 2007. The company posted revenue of $5.26 billion and net income of $770 million for the quarter, which compared with revenue of $4.36 billion and net income of $410 million in the year-ago quarter. Earnings per diluted share were 87 cents, compared with 47 cents a year ago.
It was the most profitable March quarter in Apple's history, the company said.
The number of Macintosh computers sold grew 36% over the same quarter a year ago, and iPod growth reached 24%. Additionally, Apple sold its 100 millionth iPod in April 2007.
Gross margin in the second quarter was 35.1%, up from 29.8% in the year-ago quarter.
"Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about 66 cents," said Apple CFO Peter Oppenheimer in an April 25, 2007, statement.
In Apple's fiscal 2007 first quarter ended Dec. 30, 2006, revenue was $7.1 million and net income reached $1 billion, or $1.14 per diluted share.
