Apple Reports Record Earnings, Sells 18.65 Million iPhones

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Apple Reports Record Earnings, Sells 18.65 Million iPhones
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The company announced that it sold 18.65 million iPhone units in the second fiscal quarter, 4.69 million iPad units and 3.76 million Macintosh computers. The company's gross margin was 41.4%.

As has been the case the last few quarters, the only negative in Apple's financial picture is the iPod division. iPod sales declined 17% from the year-ago quarter, with 9.02 million units sold.

Looking forward to the next quarter, Apple is predicting earnings per share of $5.03 on $23 billion in revenue. It isn't clear from Apple's filing what the projected impact from the devastation in Japan will have on Apple's upcoming product announcements.

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