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.
Sweet!
01/21, 04:50pm reply
That is so cool! Even through this crappy economic environment, Apple continues to grow.
loudpedal
Junior Member
Joined: Oct 1999
Testudo?
01/21, 04:58pm (2 replies) reply
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!
ricardogf
Fresh-Faced Recruit
Joined: Jan 2003
yep...
01/21, 05:10pm reply
...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.
ZinkDifferent
Fresh-Faced Recruit
Joined: Jan 2005
Agree with Zink
01/21, 05:18pm reply
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.
Bobfozz
Fresh-Faced Recruit
Joined: Jul 2008
touch
01/21, 05:38pm reply
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.
nat
Junior Member
Joined: Mar 2002
Re: Testudo?
01/21, 06:13pm (1 reply) reply
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.
testudo
Fresh-Faced Recruit
Joined: Aug 2001
Once again
01/21, 09:33pm reply
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.
slider
Mac Elite
Joined: Oct 1999
Re: once again
01/21, 10:48pm reply
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...
testudo
Fresh-Faced Recruit
Joined: Aug 2001
In this economy any
01/22, 09:05am (1 reply) reply
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.
iphonerulez
Fresh-Faced Recruit
Joined: Nov 2008