Apple has announced their financial results for fiscal Q1 2010, which would be the fourth calendar quarter 2009. Apple reported revenue of $15.68 billion and net quarterly profet of $3.38 billion, which works out to be $3.67 per diluted share. Compare these numbers to the year-ago-quarter’s $11.88 billion revenue, and net quarterly profit of 2.26 […]
" />

Apple Earns $3.38 Billion in Profit for Q1 2010

applehq.jpgApple has announced their financial results for fiscal Q1 2010, which would be the fourth calendar quarter 2009. Apple reported revenue of $15.68 billion and net quarterly profet of $3.38 billion, which works out to be $3.67 per diluted share. Compare these numbers to the year-ago-quarter’s $11.88 billion revenue, and net quarterly profit of 2.26 billion, or $2.50 per diluted share. International sales accounted for 58% of this quarter’s revenue. This is the most profitable quarter ever for Apple, with record-breaking revenue, which included the highest Mac and iPhone ales in company history.

Apple shipped 3.36 million Macs throughout the quarter which is a unit increase of 33% over the year-ago quarter. Apple also sold 21 million iPods throughout the quarter which works out to be an 8% decline over the year-ago quarter. Lastly, Apple sold 8.7 iPhones during this quarter which is a 100% increase over the year-ago quarter.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO. “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.”

Apple has also adopted new accounting standards which put an end to Apple spreading revenue out over a 24-month period after the date of purchase of iPhones or Apple TVs. Apple has also revised previous quarterly results to reflect this change.

Continue reading:

TAGS: