Stan's List

Apple announced a record fiscal second quarter results. Revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share, compared to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. This generated $4 billion in cash for the first half of fiscal 2008, yielding cash balance of $19.4 billion. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter causing a dip in the stock. The revenue was generated by 2,289,000 Macs sold during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. 10,644,000 iPods were sold, represented only one percent growth and eight percent revenue growth over the year-ago quarter. iPhone sales were 1,703,000.