The Mac vendor turned in revenue of $1.9bn for the quarter ending March 27, up 29% on the year. Operating income was $52m, compared to a loss of $4m last year, while net income was $46m, compared to last year’s $14m profit.
This resulted in earnings per share of $0.12, including a restructuring charge of $0.02 per share. Analysts had been expecting earnings of $0.10 per share.
The company said it saw growth across most of its businesses, and highlighted sales of its iPod music players, with shipments up over 900% to 807,000.
Apple expects the surge to continue into its third quarter, when it expects revenue of $1.9bn, with earnings per share of $0.12 to $0.13, including $0.02 per share for restructuring costs. Wall Street’s current expectation is for revenue of $1.8bn with earnings per share of $0.09.
For the year to date, sales were up 32.8% to $3.9bn, with net income up from $6m to $109m.
This article is based on material originally published by ComputerWire
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