Business
Apple Q1 09 results
Here's the data that many have been waiting for Apple's Q1 09 financials? Well, have the economic uncertainties taken their toll on the company's bottom line, or has the Cupertino giant once again managed to keep the cash rolling in?
Here's the data that many have been waiting for Apple's Q1 09 financials? Well, have the economic uncertainties taken their toll on the company's bottom line, or has the Cupertino giant once again managed to keep the cash rolling in?
Well, it seems that Apple continues to buck the trend. Here are some highlights:
- Record revenue of $10.17 billion (up from 9.6 billion year-ago quarter)
- Record net profits of $1.61 billion (up from 1.58 billion year-ago quarter)
- 2,524,000 Macs sold, 9% unit growth over year-ago quarter
- Of the 2,524,000 Macs sold in that period, 728,000 were desktops and 1.796 million were notebooks
- Record 22,727,000 iPods sold, 3% unit growth over year-ago quarter
- 4,363,000 iPhones sold, 88% unit growth over year-ago quarter
- 13.7 million iPhones sold during the calendar year, exceeding the predicted 10 million
- Desktop sales shrinking, notebook sales growing
- iPod market share in MP3 players over 70% in US, UK and Australia
- Record iTunes quarter
- 34.7% gross margin
- Q2 09 revenue guidance: $7.6 billion to $8 billion
- $28.1 billion in cash (compared to $24.5 billion last quarter)
No sign that the Apple faithful are feeling the financial pinch.