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Apple’s Q2 revenue $5.26 billion; net profit of $770 million

Apple today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. The Company posted revenue of US$5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue. Apple will have a live webcast of the results with journalists and analysts, which will begin at 5:00 p.m. ET today. QuickTime is required to listen to the webcast.

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