Apple Inc shines

Apple Inc.'s second quarter net income of $1.21 billion, or $1.33 a share, compared to $1.05 billion, or $1.16 a share in the same period last year.

Apple Inc posted revenue of $8.16 billion, up from $7.51 billion in the year-ago quarter.

Apple sold 2.22 million Macintosh computers during the quarter, representing a three percent unit decline from the year-ago quarter. The company sold 11.01 million iPods during the quarter, representing three percent unit growth over the year-ago quarter; iPhone units sold were 3.79 million, a 123 percent unit growth over the year-ago quarter.

Analysts were expecting, on average, earnings of $1.09 a share on $8 billion in revenue.

"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's CFO. "Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00."

Looking ahead, the company expects third quarter earnings of 95 cents to $1 a share on revenue of $7.7 billion to $7.9 billion.