Apple announces Q1 '09 results [u]
January 21st 2009
Apple has announced financial results for its fiscal 2009 first quarter ended December 27. The company posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share.
"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history--surpassing $10 billion in quarterly revenue for the first time ever," said Steve Jobs, Apple's CEO.
✸ 2.534-million Macs sold, 9 percent growth (y-o-y)
--No Mac 'netbook' happening any time soon
✸ 22.727-million iPods sold, 3 percent growth
--A new record for a single quarter
--Growth came from outside the US
✸ 4.363-million iPhones sold, 88 percent growth
--Over 17-million sold so far
--"Software is the key ingredient"--Tim Cook
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✸ Apple TV sales rose three-fold over last year
✸ In reference to iPhone nano rumors, Tim Cook says, "You know us, we're not going to play in the low-end voice phone business. That's not who we are. That's not why we're here. We'll let somebody do that, our goal is not to be the unit share leader in the phone industry. It is to build the best phone."
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 quarter's revenue.
Listen to the cached stream of the Q1 - 2009 financial results call for yourself.
Editor's note: Record revenues, record profits and, surprisingly, AAPL is up 6+ percent in after hours trade (5:30pm EST)...
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