Culled directly from Apple Insider:

“Apple said Wednesday that second-quarter profits rose over 36 percent to $1.05 billion, or $1.16 per diluted share, on sales of $7.51 billion for the three-month period ended March 29, 2008.

These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter, and international sales accounted for 44 percent of the quarter’s revenue.

Apple shipped 2,289,000 Macintosh computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The company also sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter.

Quarterly iPhone sales were 1,703,000. “

You may be thinking to yourself, “So what?  So Apple posted solid numbers.  Isn’t this expected?”  The short answer is yes.  The longer answer is a bit more complicated.  You see, Apple’s numbers were directly tied to how many Macs they moved this quarter.  Mac needed to show significant growth in this sector of their business, and there was speculation they had not hit their numbers.  However, Mac has posted robust gains in this quarter, so all is well in the land of Apple.