Apple Q2 Earnings: Macs Continue to Surge While iPhone and iPod Sales Level Off

Wired: Gadget Lab:

Apple may not be recession proof, but it’s doing surprisingly well for all that investor hand-wringing and stock trashing nonsense that went on earlier this year. While the company wasn’t able to repeat its record-breaking first quarter performance, it did set a March quarter record for revenue and earnings and once again beat Wall Street’s estimates.

Indeed, it would appear the stagnant economy is having virtually no effect on Mac sales. Apple CFO Peter Oppenheimer said the company sold 2,289,000 of the computers during the quarter, a 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. That’s more than two and a half times the overall market growth rate for PCs, too.

Interestingly, it appears that MacBooks, Macbook Pros (and yes, even MacBook Airs) are continuing to fly off the shelves. Apple said laptops saw unit and revenue growth of 61 and 58 percent over the same period last year. Even more surprising, unit and revenue were actually up, 7 and 5 percent, respectively, from Q1. Yes, that would be the record-breaking holiday quarter. While Apple didn’t break sales down into precise categories, it’s safe to assume a lot of that money came from new MacBook Pro and MacBook Air purchases.

In total, the company reported revenue of $7.51 billion, up 43 percent year-over-year, which was also more than $500,000 above Wall Street estimates.
For the quarter, Oppenheimer said the company moved:

10,644,000 million iPods, representing one percent unit growth and eight percent revenue growth over the year-ago quarter.

1,703,000 iPhones, which falls somewhere in the middle of analyst estimates which were 1.5 to 2 million. Total iPhone-related revenue recognized for the quarter was $378 million.

During the call, Oppenheimer also said Apple generated about $4 billion in cash flow from operations in…