Apple reports most profitable quarter
January 26, 2010
Source: MM Network
By: Media Mughals
Apple Inc has registered revenues of $15.68 billion and a net quarterly profit of $3.38 billion for its fiscal 2010 first quarter ended December 26, 2009. These results compared to revenues of $11.88 billion and net quarterly profit of $2.26 billion in the year-ago quarter. The revenues for Apple surged 32%.
The rise in revenues has been observed on the back of strong sales for Apple’s Macintosh computers and the smartphone iPhone. Around 58% of the Apple’s revenues for the quarter accounted from international sales, with sales more than doubling in the Asia Pacific and rising 40 percent in Europe.
In the press statement released by the Company it informed that 3.36 million Macintosh computers have been sold during the quarter, representing a 33% unit increase against the sales in the corresponding quarter a year ago. The number of iPhone units sold during the quarter is 8.7 million, representing 100% unit growth over the year-ago quarter.
Though, the sales for the Apple’s portable media player iPods declined 8% from the year-ago period, selling 21 million iPods during the quarter.
“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO in a prepared statement. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”
The Company is expected to release it’s much-talked about tablet PC device which according to the media reports has been named as iSlate, which is being considered be the next revolutionary product for Apple.
Apple is also adopting new accounting standards that would help the company to take into account the revenues of products that combine software and hardware. |