Seeking Alpha — Charts and Data by Sector; Apple Q2 Earnings Conf. Call
SeekingAlpha.com is a great stock market and personal finance site.
They have an entire section devoted to charts and data by market sector.
They also have a recent Apple conference call transcript posted. An excerpt:
The quarter’s revenue of $4.36 billion was the second highest in Apple’s history, topped only by our record December quarter results, and grew 34% year over year. These results were driven by continued strong growth in our music business and solid performance in our Mac business during the transition to Intel.
Operating margin for the quarter was 12.1%, and net income was $410 million, or $0.47 per diluted share on a GAAP basis.
Excluding the impact of $42 million in non-cash, stock based compensation expense, operating margin was 13.1%, net income was $440 million, and diluted earnings per share were $0.50.
The quarter’s non-GAAP operating margin was the second-best ever for Apple and demonstrates the leverage in our business model.
This is interesting. You’d think Apple makes most of its money these days from iPod and iTunes related sales.
Nope, Mac volume is still a huge earner for them:
I’d like to first talk about our Mac business, which represented 50% of our total quarterly revenue, an increase 7% year over year. Mac units were up 4% year over year to 1.11 million, and ending channel inventory was within our target range of 4 to five weeks.
Read more here.
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