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.