Apple beats forecasts in Q4 financial results
updated 05:00 pm EDT, Mon October 19, 2009
Macs, iPhones above expectations
Apple has posted the results of its fiscal fourth quarter for 2009, beating analyst expectations. The company is claiming $9.87 billion in revenue, for a net profit of $1.67 billion, or $1.82 per diluted share. In Q4 2008 quarterly revenue was $7.9 billion, with $1.14 billion in profit and $1.26 per diluted share.
Gross margin is being reported at 36.6 percent, a significant increase from 34.7 in 2008. Apple adds that when disregarding GAAP accounting procedures, the company has generated $12.25 billion in adjusted sales, and $2.85 billion in adjusted net income. Mac sales are up 17 percent to 3.05 million, while iPhones have risen 7 percent to 7.4 million. iPod sales have fallen 8 percent, reaching 10.2 million.
Apple CFO Peter Oppenheimer remarks that the company grew overall fiscal 2009 revenue by 12 percent, pushing net income by 18 percent. For Q1 2010 the company is predicting between $11.3 and $11.6 billion in revenue, with diluted EPS ranging from $1.70 to $1.78.
Thats not possible
10/19, 05:35pm reply
According to Microsoft their ads are working. One guy is doing cartwheels, and the other is calling anything positive from Apple a rounding error. I just can't believe these numbers. It must be an error. Surely Microsoft can't be making up these claims about Apple losing sales and shares because of Microsoft amazing market grabbing ads.
slapppy
Fresh-Faced Recruit
Joined: Mar 2008
Sad day...
10/19, 06:15pm reply
This is truly a sad day for Apple haters around the world. This company just won't die like they constantly predict it will because of (insert favorite troll reason for Apple's pending demise).
lkrupp
Fresh-Faced Recruit
Joined: May 2001
i look forward
10/19, 09:54pm reply
to luckyday coming around to tell us how this is good news for Microsoft.
climacs
Fresh-Faced Recruit
Joined: Sep 2001
Re: Sad day
10/20, 10:34am reply
You need to get out of the 90s, dude. Seriously, when was the last time anyone said "Apple is on its last legs!", called them beleaguered, or said they were on the verge of failing?
And I didn't realize that criticizing the decisions of a large, multi-billion corporation was considered 'trolling'. I'm glad you love everything that Apple does, think Jobs is the bestest CEO God ever gave to this world, and think they've never made a bad decision. People with common sense know better.
And with their market share increasing, how long before they have to admit that they might have to expand their product lines out of their little boxes? You know, the ones they derived because they feel they don't want to confuse their customers with offering two different computers at the same price. Potential Mac user's heads will explode. (h***, look at all the head exploding that has occurred when the iTMS went to variable pricing on songs. (I know, the whole digital music world will be imploding any moment now...)
testudo
Fresh-Faced Recruit
Joined: Aug 2001
Oh
10/20, 10:36am (1 reply) reply
And as probably the only one here who's got his money where his mouth is, I'm happy to see my Apple stock jump up $20 today.
testudo
Fresh-Faced Recruit
Joined: Aug 2001