Apple bucks trend with record results
THE CUPERTINO CABAL has announced it's best ever financial quarter with revenue breaking the $10 billion barrier for the first time.
The company posted revenue of $10.17 billion which represents a net profit of $1.61 billion compared to $9.6 billion in sales and $1.58 billion in profit for the same period last year.
The company shipped over 2.5 million Macintosh computers, over 22.7 million Ipods and more than 4.3 million Iphones in the period.
Despite his health problems, Steve Jobs announced, "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."
Apple's chief bean-counter Peter Oppenheimer added, 'Our outstanding results generated over $3.6 billion in cash during the quarter. Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00."
Apple stock was up 4.63 per cent following the news, settling after a 9.37 per cent boost in pre-market trading.
You can hear the full Apple financial conference call here. µ
L'Inq
Apple
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Apple Mantra "A fool and his money are soon parted" ;-)
As Apple sells more phones then computers, you should compare them to other phone makers instead :)
Nick Farrell "truth" on the numbers. Clearly Apple did not grow, iPhone is a bust in this economy and noone wants to buy these expensive computers. Please INQ, let someone with the utmost integrity and absolutely no bias, do an objective, pragmatic analysis of these clearly false numbers that Apple has posted! Where are you Nick?