Apple Inc announced its financial performance for second quarter ended March 28, 2009 posting a second best Q2 result with net profits of $1.2 billion at 15 percent rise. Revenues too increased marginally by around 3 percent to $ 8.16 billion from $ 7.9 billion recorded during the corresponding quarter a year ago.

Interestingly the results surpassed not only forecasts by leading analysts but even that of the company. EPS stood at $ 1.84.

Another noteworthy fact to know is that the company witnessed drop in unit sales of Macintosh computers by 3 percent at 2.22 million while sales for iPod rose by 3 percent on y-o-y basis at 11.01 million units.

The main growth was however recorded in sales of iPhone at 123 percent growth to 3.79 million shipments.

"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Apple chief financial officer Peter Oppenheimer. "Apple''s financial condition remains very robust, with almost 29 billion dollars in cash and marketable securities on our balance sheet," he added.

The company has however admitted that it expects a slowed down quarter three with revenues in range of 7.7-7.9 billion dollars.