Apple Q2 2009 Results

Apple Q2 2009 results are out. They are impressive.

Gross margin was 36.4 percent, up from 32.9 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue.

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. Quarterly iPhone units sold were 3.79 million representing 123 percent unit growth over the year-ago quarter.

Only a 3% decline in unit sales from last year is amazing, considering the economic environment. Mac Pro sales were weaker year over year due to the economy. (I just bought a new Mac Pro, so for me it’s a big increase from last year!) The iPod Touch more than doubled year over year. Combine that with the iPhone and you have an enormous platform. It also appears unlikely that Apple is going into the Netbook space. Questions about that possibility were answered by pointing out that the iPhone and iPod Touch are great portable computers, but they continue to follow the space.

As for Steve Jobs return they, “look forward to Steve returning to Apple at the end of June.”