Apple posted its second quarter results for fiscal 2009 and we can say that it is one of the safest companies in these times with $29 billion in the bank. The revenue recorded was $8.16 billion with a net profit of $1.21 billion, up from a year-ago quarter that posted a revenue of $7.51 billion and net profit of $1.05 billion.
On the sales front, Macintosh computers sales slid three percent from a year-ago quarter and stood at 2.22 million units. The decline can be largely credited to the growth of netbooks as well as bad economy. Apple’s other small gadgets, iPods and iPhone saw an unprecedented growth. They managed to sell 11.01 million iPods showing a three percent growth while iPhone sales were up 123 percent at 3.79 million units.
Apple also threw some light on the expected earnings for the next quarter. They are expecting revenues of up to $8 billion but I think this may exceed because of the launch of new products like an updated iPhone and supposedly a netbook which will happen at this year’s WWDC.
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