Apple posts $1.23bn profit for Q2 2009


Apple has announced revenues of $8.34 billion for Q2 2009 (the company’s third quarter in its 2009 financial year), helping the company to post a net profit of $1.23 billion for the quarter. That compares well to the $7.46 billion and $1.07 billion respectively it posted in the second quarter last year.The company sold 5.2 million iPhones during Q2, and 10.2 million iPods. The latter is down 7% year-on-year, a decline that’s been long predicted. iPhones appear to be going from strength to strength, although the 626% rise in sales year-on-year is also due to the fact that in Q2 last year, sales dipped while consumers waited for the iPhone 3G to launch in July. Apple CFO Peter Oppenheimer said the company expects to generate revenues of between $8.7 billion and $8.9 billion in Q3 this year (its fourth quarter). Apple is holding its conference call for analysts right now, during which there may be some more stats and information on its music activities. Stand by for more on that if so.

Written by: Music Ally