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Apple's best quarter ever: revenue, iPods, earnings

updated 04:40 pm EST, Wed January 21, 2009

Apple's best quarter ever

Apple today posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share, compared 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 and international sales accounted for 46 percent of the quarter's revenue. Apple sold 2,524,000 Macs 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.

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, the company said. 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."

"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.

The company generated over $3.6 billion in cash during the quarter and for the second fiscal quarter of 2009, expects revenue in the range of about $7.6 billion to $8 billion along with diluted earnings per share in the range of about $.90 to $1.00, company representatives said.




by MacNN Staff

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Comments

  1. loudpedal

    Joined: Dec 1969

    +11

    Sweet!

    That is so cool! Even through this crappy economic environment, Apple continues to grow.

  1. ricardogf

    Joined: Dec 1969

    -5

    Testudo?

    Testudo, any stupid comments to make now?

    APPLE IS THE BEST AND STRONGEST IT COMPANY IN THE WORLD NOW, EVEN WHEN THE U.S. ARE IN A BANKRUPT STATE. SHUT THE h*** UP AND EAT SOME CROW!

  1. ZinkDifferent

    Joined: Dec 1969

    +6

    yep...


    ...and undoubtedly analysts will jump on these results shortly, announcing how terrible they are and how they haven't met expectations... and the stock will tank.

    You know, the usual.

    I fail to see how 'Best Quarter Ever' can translate into 'Not Meeting Expectations' in analyst think.


  1. Bobfozz

    Joined: Dec 1969

    +5

    Agree with Zink

    The first thing the spinmeisters will do is talk about the NEXT quarter and how expectations...yadayada. Why don't ANY of these clueless anal-ysts go to some Apple stores and look for themselves. Friends in the Chicagoland area told me both stores were swamped. These "people" do not read MacNN or CNN or Google... but the anals haven't figured that out yet. The buyers DO NOT CARE! I wish there were NO numbers guidance period.

  1. nat

    Joined: Dec 1969

    +3

    touch

    anybody know what the ipod touch figures were?

    they put a camera in that puppy and it could be the best seller they have. i know i'd update anyway.

  1. testudo

    Joined: Dec 1969

    -5

    Re: Testudo?

    Eat crow over what? Since when did I say Apple was going to struggle its way through the December quarter?

    Oh, and it sounds like you might have some persecution issues. You should consult your physician.

  1. slider

    Joined: Dec 1969

    +1

    Once again

    These analysts demonstrate once again they just don't get Apple. The basically say what is assumed to be common knowledge, and when it comes to Apple they miss the mark every single time. You'd figure after all these years they'd catch on.

  1. testudo

    Joined: Dec 1969

    -1

    Re: once again

    And why are you complaining?

    Use this knowledge to your advantage. You know Apple is better than they rate, then buy it when its low and watch the price go through the roof as you expect. Then sell before its time for the next set of analysis.

    Geesh, it just seems so easy...

  1. iphonerulez

    Joined: Dec 1969

    +1

    In this economy any

    analyst can come up with reasons why Apple will lose money in the next quarter while not mentioning other companies will do even worse. They rarely ever mention Apple's zero debt and soon to be $30 billion in cash reserve. Or that Apple will be hiring employees when they open 25 new stores this year. Or that they're not sacrificing profits for market share. It's easier to say that Apple will lose money this year because nobody really needs iPods or iPhones when they can buy cheaper substitutes elsewhere. Besides, who wants to invest in a company that is being investigated by the SEC for blatant misinformation from a lying CEO. It's easy to throw negative points at a company regardless if it's true cash value. It's a conspiracy to make sure Apple fails to overtake Microsoft Windows market share.

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