Following the release of Apple's second fiscal quarter results earlier today the company held a conference call for media and analysts. Below is a list of notes from the conference call.
- New record for Mac sales in March quarter
- Best non-holiday quarter revenue and earnings ever, best iPhone sales ever
- Strong performance due to doubling in iPhone sales and strong Mac product momentum
- Operation margin was $4 billion. Net income was $3.1 billion, up 90% over year ago quarter. $3.33 EPS
- 3-4 weeks of Mac channel inventory
- $1.1 billion in sales from iTunes Store.
- 185,000 apps in App Store and over 4 billion downloads to date
- 10 billion song mark passed during quarter
- 3500 new apps for iPad
- Retail store revenue was $1.68 billion compared to $1.38 billion in year ago quarter, up 22%
- 606,000 Macs sold, compared to 438,000 Macs, 38% increase
- Ended quarter with 286 stores, two new stores in UK and one in Germany
- 47 million vistiors in stores during quarter, compared to 31.9 million visitors in the year ago quarter
- Over half of new stores will be in international locations including London, Paris, Shanghai
- Referred to future product transition
- Guidance for next quarter: Rvenue between $13 -$13.4 billion, compared to $9.7 billion. Gross margin: 36%
- Tax rate estimated to be 27%
- Release iPad in 9 countries in May
- Demand for iPad in US “has shocked us”
- iPad will be its own line item on the data summary, and revenue will be for iPad units
- Not focused on trying to make a lot of money on App Store; run it a bit over break-even