Live Coverage: Apple’s Q2 Earnings Results at 5 PM ET

Today, we’re set to provide a real-time coverage of the Apple earnings call live, which kicks off at 5pm ET / 2 pm PT. The earnings have been announced at $1.16 per share, generating significant buzz. To tune into the call, access the QuickTime stream here. For more updates on AAPL, visit BloggingStocks.

From the press release at

Revenue Up 43 Percent Year-Over-Year

On April 23, 2008, Apple announced its financial outcomes for the second fiscal quarter ending March 29, 2008. The company reported a revenue of $7.51 billion and a net quarterly profit of $1.05 billion, or $1.16 per diluted share. These figures are up from last year’s $5.26 billion revenue and $770 million net profit, or $.87 per diluted share.

The gross margin now stands at 32.9 percent, a slight decrease from 35.1 percent the previous year, with international sales making up 44 percent of the quarter’s revenue.

During this period, Apple shipped 2,289,000 Macintosh computers, marking a 51 percent increase in units and 54 percent in revenue compared to the same quarter last year. The company also sold 10,644,000 iPods, showing a modest growth of one percent in units and eight percent in revenue. iPhone sales reached 1,703,000 units.

“We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” stated Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.”

“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” added Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.”

Apple will provide live streaming of its Q2 2008 financial results conference call using QuickTime, Apple’s standards-based technology for live and on-demand audio and video streaming.

The live webcast will begin at 2:00 p.m. PDT on Wednesday, April 23, 2008 at and will also be available for replay.

This press release includes forward-looking statements regarding estimated revenue and earnings per share. These statements are subject to risks and uncertainties, and actual results may differ. Potential factors that could affect the company’s financial results include, but are not limited to, litigation from board investigations, unfavorable legal outcomes, economic conditions impacting consumer and business purchasing decisions, supply disruptions, competitive pressures, reliance on sole service providers for iPhone in certain countries, availability of essential components and services, product quality issues, inventory risks, dependency on distributors and resellers, availability of third-party digital content, and intellectual property rights issues. More detailed information on these risks can be found in the company’s periodic filings with the SEC.

Since its inception, Apple has been at the forefront of the personal computer revolution with the Apple II and continued innovation through the Macintosh.

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Elizabeth is a dedicated writer for TUAW, bringing a wealth of knowledge and enthusiasm to the Apple news community. With a keen eye for detail, Elizabeth covers everything from the latest iPhone releases to in-depth reviews of the MacBook Pro and Apple Watch. Her insightful articles help readers stay informed about the ever-evolving world of Apple products. When she’s not writing, Elizabeth enjoys exploring new features on her iPad and capturing moments with her iPhone’s camera.