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- Apple Reports First Quarter Results
- Monty Solomon
January 22, 2009, 3:49 am
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Apple Reports First Quarter Results
Best Quarterly Revenue and Earnings in Apple History
iPod Sales Set New Record
CUPERTINO, California-January 21, 2009-Apple today announced
financial results for its fiscal 2009 first quarter ended December
27, 2008. The Company posted record revenue of $10.17 billion and
record net quarterly profit of $1.61 billion, or $1.78 per diluted
share. These results compare to revenue of $9.6 billion and net
quarterly profit of $1.58 billion, or $1.76 per diluted share, in the
year-ago quarter. Gross margin was 34.7 percent, equal to the
year-ago quarter. International sales accounted for 46 percent of the
In accordance with the subscription accounting treatment required by
GAAP, the Company recognizes revenue and cost of goods sold for
iPhone and Apple TV over their economic lives. Adjusting GAAP sales
and product costs to eliminate the impact of subscription accounting,
the corresponding non-GAAP measures* for the quarter are $11.8
billion of "Adjusted Sales" and $2.3 billion of "Adjusted Net Income."
Apple sold 2,524,000 Macintosh computers during the quarter,
representing nine percent unit growth over the year-ago quarter. The
Company sold a record 22,727,000 iPods during the quarter,
representing three percent unit growth over the year-ago quarter.
Quarterly iPhone units sold were 4,363,000, representing 88 percent
unit growth over the year-ago quarter.
Re: Apple Reports First Quarter Results [Telecom]
Someone needs to remind these smartasses that there's a recession on.
No one is supposed to be doing better.
Barry Margolin, email@example.com
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