The INQ: Always giving you more. Or less. More or less
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Apple posts record results
TOYMAKER FOR THE WELL-HEELED, Apple posted record quarterly financial results, reporting fiscal 2010 first quarter revenues of $15.68 billion (£9.65 billion), up from $11.88 billion (£7.31 billion) in the same quarter last year.
Apple's chief financial officer, Peter Oppenheimer said that the calendar fourth quarter of 2009 was Apple's best ever. Mac sales were up 33 per cent and Iphone sales increased 100 per cent. Ipod sales fell, however, declining by eight per cent in the quarter.
"We are extremely pleased with the record-breaking quarter," Oppenheimer said. "We are also incredibly excited with our new product pipeline."
He would not discuss Apple's plans for its widely anticipated launch event booked for this Wednesday.
Tim Cook, the cappuccino company's chief operating officer, said that its 33 per cent growth in the desktop market was especially exciting, given IDC's forecast of only 17 per cent growth overall in that segment. He also said Mac sales were very strong in the education market.
Iphone shipments increased to 8.7 million in the quarter, up by 100 per cent for sales revenue of $5.58 billion (£3.43 billion). Overseas sales of Iphones were very strong, increasing 70 per cent in Australia and 100 per cent in China. Fully 58 per cent of the company's Iphone sales were outside the US, and Apple will focus on overseas growth for continuing expansion.
The Iphone also gained significant support from business customers in the US and Europe, said Cook. "On a corporate basis we saw an acceleration of association with business and the Iphone after the launch of the 3G model. Seventy per cent of Fortune 100 enterprises are piloting and deploying Iphone support, and 50 per cent of FT 100 enterprises are doing the same," he said.
Cook admitted that there had been problems in some areas with AT&T coverage, but said that the US mobile operator is working on a network upgrade and that Apple has seen and approved the plan.
In retail, Cook said Apple will enhance its high street presence with 40 more Apple Stores, half of them overseas. More than half of new Mac buyers at the company's retail stores had never bought from Apple before, and sales grew nine per cent.
Apple's Itunes and App Store also did well in the quarter, as they continued to expand. Cook dismissed the concerns of developers about Apple's Iphone Apps approval process, pointing out that Apple accepted over 90 per cent of applications within 14 days and claiming that most application rejections were due to bugs in the software. µ
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What's this ? Apple posts record after record quarters in the midsts of a recession ? How is that possible ? they sell such overpriced shiny toys !! And you have a company like Microsoft whose share value has halved over the past decade, has laid off over 5k employees and closed divisions and cancelled products(MS Flight Sim) last year !
Has hell frozen over ? Can pigs fly ?...
Oh wait.... i forgot, quality sells.
And you windoze fanboys can stick with your extra Mhzs and more RAM, and the pathetic software that drives your boxes.
HAH
Worldwide PC shipments rose 15.2 percent year over year, according to IDC, and 22.1 percent,
according to Gartner. IDC put US PC shipments up 24 percent year over year and Gartner 26.5
percent. After years of market share gains, Apple dramatically dropped, presumably with Windows 7
sapping Mac sales momentum. Gartner put Apple's US share at 7.5 percent, down from 8.8 percent
in fiscal Q4 2009 and 7.7 percent in fiscal Q1 2009. Both analyst firms ranked Apple fifth in US
market share, a one-rank decline below Toshiba. While Mac shipments grew a respectable 31
percent, according to IDC, HP shipments grew by 45.1 percent and Toshiba by a stunning 71.5
percent.
You may feel free to resume squabbling over toasters.
Spot on Donald .. the "records" are an accounting anomaly which takes effect last quarter.
I am an accountant after all
Apple's "record" quarter was due to a change in accouting rules. If not for the changes in accounting rules, Apple's results would have come in only "slightly" above Wall Street's consensus estimates. The iPod and iPhone are the two big "cash cows" at $3.4 Billion and $5.6 Billion respectively, not the Macintosh ($1.7 Billion for Desktop's / $2.76 Billion for laptops). It would be nice if one of the "Journalists" reporting this news would have bothered to notice the retroactive accouting change that re-stated the last 24 months, giving the "illusion" that Apple did significantly better than in fact they did.
And no, I'm not going to get pulled into the "my toaster is better than your toaster" debate.
Carry on...
Too funny.....
"Congrats to all the shiny lemmings who purchase exorbitantly price kit"
"Me? I actually prefer the Mercedes to be in MY garage, but, whatever!"
I guess a Mercedes is not exorbitantly priced kit....'but,whatever'.
People who buy expensive cars, clothes, houses, etc = ?
People who buy expensive computers or phones = "lemmings" or fools
...interesting.
Anti-Apple screed in 5.. 4.. 3..
This makes Apple the most profitable Tech company in the world!!!
if Apple makes $15.68 billion per quarter X4 Quarters that is $62.72 Billion annually
with $3.38 billion Profit per quarter X4 Quarters that is $13.52 Billion profit per year
-$ 62.72 Billion Anual turnover
-$ 13.52 Billion profit per year
- $40 Billion in cash in the bank
Wow not bad for a company with 5% market share lol
Mr Balmer what you think are the financial results a rounding error? bet if he had hair he would be pulling it out right now!!!
Congratualations to all the shiny Apple lemmings who purchase exhorbitantly priced kit! You have just assured most top level managers at Apple a nice fat bonus check and a new Mercedes in the garage! Thanks for contributing to the Apple Socialist Social Welfare Integration Program Effort. Your participation is always welcome!
(Me? I actually prefer the Mercedes to be in MY garage, but, whatever!)
Nick is probably too busy weeping into his Microsoft bedsheets to report on this.
In practice, wouldn't have one even for free, just too wacky and cutesy. Even now that they're merely running BSD on Intel hardware.