Apple Q2 Results: Profit Up 88%, Revenue $5.26 Billion, 10.5 Million iPods Sold, Mac Sales up 24%

Lots of good news for Apple in its latest quarterly report. The company's on a roll. Not only are iPod sales up (10.5 million sold), so are Macs, especially Mac Books. Apple sold 1.52 million Macintosh computers, up 24 percent from a year ago. Reuters reports:

The results blew away Apple's own forecast, which tends to be cautious, of 54 cents to 56 cents. Analysts had expected Apple to earn 63 cents per share, on average, on revenue of $5.17 billion, according to Reuters Estimates... Shares of Apple have climbed about 12 percent this year, after advancing 18 percent in 2006 and more than doubling in 2005, fueled by robust sales of iPods and redesigned Macintosh computers.

UPDATE: NYT:

In an interview, Steven P. Jobs, Apple’s chief executive, called the quarter a “blowout,” and noted that the strong sales and market share gains came even though the company had not made any major upgrades to its lines of portable and desktop computers.

“The Mac is clearly gaining market share, with sales growing 36 percent — more than three times the industry growth rate,” Mr. Jobs said. Overall personal computer sales increased only about 11 percent during the quarter, according to the market researcher IDC.

Apple’s strength was particularly notable in that it came during the quarter in which Microsoft finally released the long-awaited Vista version of its Windows operating system, an event that the PC industry was counting on to spur a wave of computer upgrades.

Mr. Jobs noted that Dell had recently returned an earlier version of Windows to its product line, which he said was an indication that demand for Vista had not been overwhelming.