MacRumors.com

Tomorrow Apple will announce its financial results for the second fiscal quarter of 2008, spanning January through March, and give its guidance on what it expects in the third fiscal quarter. What should we expect? Let's recap what has happened this past quarter vs. last year.

2Q 2007 Highlights

• $5.26 billion revenue, $770 Million Profit ($.87 per diluted share)
• AppleTV formally announced, shipped
• iPhone Announced (no income from iPhone until late 3Q 2007)
• Multi-Colored iPod Shuffle Released
• Quiet update to Xserve RAID (capacity update)

2Q 2008 Highlights

• Apple's Guidance: $6.8 billion revenue, $.94 per diluted share profit
• Street Expectations: $6.9 billion revenue, $1.07 profit per share
• AppleTV Take 2 + Movie Rentals
• MacBook Air Introduction
• Aperture 2 Released
• Xserve RAID Discontinued
• XSan 2
• iPod Shuffle capacity bumps
• iTunes climbs sales ranks (#2, #1 just after close of quarter)
• Penryn based MacBooks
• Penryn based MacBook Pros with Multitouch trackpad

Readers should be aware that many complex factors contribute to a company's bottom line beyond what the public sees, so this recap should be used for informational purposes only. On that note, here's a recap of the current news and rumors for next quarter.

Current 3Q 2008 News/Rumors

• Final Cut Server shipped
• iPhone/iPod Touch Software 2.0 (June)
• Rumor: iMac, Mac Mini Penryn Updates
• Rumor: 3G iPhone in June
• Rumor: MacBook, MacBook Pro Design Changes with Montevina (June)