By Grant Shepherd

Apple has just announced its financial results for its fiscal 2009 second quarter ending 28 March 2009, the company demonstrated a dramatic increase in revenue and profit and the iPhone in particular saw incredible growth.

The company posted revenue of US $8.16 billion and a net quarterly profit of US $1.21 billion, this compares to revenue of US $7.51 billion and net quarterly profit of US $1.05 billion for the same period a year ago.

In addition gross margins were up to 36.4 per cent a 1.5 per cent increase from the previous year and international sales accounted for 46 per cent of the quarter’s total revenue.

“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” said Peter Oppenheimer, Apple CFO in a statement.

“Apple’s financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion.”

The iPhone was definitely the biggest mover for the company over the quarter, selling 3.79 million units or an increase of 123 per cent from the same period a year ago.

Apple also sold 11.01 million iPods during the quarter, representing a three per cent unit growth over last year. Unfortunately sales of its Macintosh computers were down from last year, with units suffering a three per cent decline.