Apple isn't a company. It's a phenomenon.

[aryayush]

Financial Statements [PDF]
Data Summary [PDF]

Apple Reports Second Quarter Results
Earnings Grow 88 Percent Year-over-Year

CUPERTINO, California—April 25, 2007—Apple® today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. The Company posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.

Apple shipped 1,517,000 Macintosh® computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter.

“The Mac is clearly gaining market share, with sales growing 36 percent—more than three times the industry growth rate,” said Steve Jobs, Apple’s CEO. “We’re very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline.”

“We are very pleased to report the most profitable March quarter in Apple’s history,” said Peter Oppenheimer, Apple’s CFO. “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.”

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As always, Fake Steve Jobs has his own humourous take on the brilliant financial report:

Buy, buy, buy. Right? Did you? I hope so. Folks this is not some fluke or flash in the pan. This is a long-term trend with nothing to get in its way. Vista sucks and will continue to suck for the next -- what? Five years? Seven years? Meanwhile, though I send love to my Linux cousins, they're just nowhere near us when it comes to UI stuff.

I wish I could describe for you how it feels to be inside Apple right now. It's just this feeling of unconscious greatness, like those basketball dudes when they're playing out of their minds and every shot they throw up just goes whoosh, through the hoop. Unfortunately you'll probably never experience this, so you'll just have to take my word for it. Trust me, it's mind-blowing. It's like the best acid you've ever done, only it's really happening.

Mac sales up 36%. iPod sales up 24%. This during the post-holiday quarter which is usually pretty drowsy. Sales up 21%. Profit up 88%. The Street was looking for 63 cents and we gave them 87 cents. See the Reuters story here. Money quote: "It blows the doors off. The big news is the Macintosh." Damn right it's big news. We're growing at 10 times the rate of the PC industry. Do you know any other companies in mature industries that are growing 10x the rate of their industry? This isn't a company. It's a friggin phenomenon. Harvard Business School wants to send in a team of nerds to study us, led by Clayton Christensen, but I won't let them because they'd disturb the vibe.

For our full results, see here.

Oops, gotta go. My management team just showed up with a cake. They're going to carry me down to the lobby on their shoulders while chanting:

"Steve, Steve, we believe!
We will never let you leave!"

Then we're going to bust open a keg and totally get hammered. Then we're going to burn Nancy and Fred in effigy.

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This is awesome news but is also bad news for Macintosh owners. If they continue selling at this rate, they will become so commonplace.

Anyway, what's you opinion guys? Apple is totally on a high, aren't they. WOW! This is exhilarating stuff.


UPDATE: Apple wants to 'surprise and delight' iPhone customers and plans on developing new applications and software features for the iPhone. Many of these features will be free upgrades. They will use subscription accounting so they don't need to charge for these new features. They plan to do the same for Apple TV (i.e. new features and applications for free to Apple TV owners.)
via TUAW.
Now where are all those sorry faces who were saying the iPhone sucks because Apple will charge customers for the software? The iPhone is going to rock the mobile market.

[goobimama]

I don't want them to become commonplace... yes, elitist, I know, but that would make them a bit too popular for those hackers and such...

[aryayush]

I couldn't care less about the hackers and stuff. I know that the reason Macs are secure is mostly because of Unix, not because they are less popular.

But yeah, I do not want them to be popular because it would take away some of the elitism, the coolness factor.

I am definitely going to buy an iPhone now, if I had any doubts earlier (which I didn't, actually).

A little note to mAV3, this is why I hate those rumours. People believe them and start slamming a product and then it turns out it was a false rumour. Everyone was up in arms when some security guard said that there wouldn't be any third party applications for the iPhone. When Apple put that to rest by saying that there would be third party software but it would be made available via Apple, people started *****ing that all the software would have to be paid for. And others believed those who *****ed about it.

[ambandla]

Originally Posted by aryayush

I couldn't care less about the hackers and stuff. I know that the reason Macs are secure is mostly because of Unix, not because they are less popular.

That's true. it's the kernel that is stopping the attacks and not the market share.

Originally Posted by aryayush

But yeah, I do not want them to be popular because it would take away some of the elitism, the coolness factor.

I would love to see them popular and still maintain coolness factor

[nepcker]

I wouldn't care about OS X's security.There are currently zero real viruses for Mac OS X. It's not that OS X has less no. of users, it's that Apple hasn't shipped millions of Macs listening wide open for commands to act upon, or shipped a web browser designed to naively run programs like Microsoft's ActiveX did, or installed an email program designed to automatically run commands that arrive as attachments as Outlook did.

[aryayush]

This is one thing I absolutely do not like. If you have an opinion, say so. If you want to mention someone else's opinion, then credit the source. You have directly lifted those lines from RoughlyDrafted.

It is a humble request that you please refrain from doing so in future. No hard feelings, just a polite suggestion.

[gxsaurav]

I hope those applications are applications & not widgets. Despite of supporting EDGE only iPhone doesn't even have any IM Client compatible with Yahoo etc. JAVA based IM Clients cannot be installed either.

So despite of this free illusion from Apple, we are still bound & forced to use Apple only apps. If apple decides not to provide a DivX player, we cannot play DivX in iPhone. Same goes with the IM Client & much more. Apple should really change there closed approch if they want iPhone to even succed, cos last I heard they were targeting the enterprice market without 3rd party apps, GPS & Exchange server capability . For gods sake how hard it is to support atleast JAVA based apps on it or letting the 3rd party developers make apps for iPhone.