Today Apple released earnings result for Q4 '09 - and it's a downturn-defying quarter! Not only is it Apple's most profitable quarter, the company also saw record Mac and iPhone sales.
Here are the details:
- Revenues of $9.87 billion and a net quarterly profit of $1.67 billion, working out as $1.82 per diluted share.
- These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter.
- Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter.
- International sales accounted for 46 percent of the quarter’s revenue.
- 3.05 million Macs sold during the quarter, representing a 17 percent unit increase over the year-ago quarter.
- 10.2 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.
- 7.4 million iPhones in the quarter, representing seven percent unit growth over the year-ago quarter.
Note: Investors seem pleased by the news. At time of writing (Oct 19, 5:09PM EDT) stock is up 6.4% to 202.48 in after hours trading.
“We are delighted with our September quarter and fiscal 2009 results,” said Peter Oppenheimer, Apple’s CFO. “For the full year, we grew revenue by 12 percent and net income by 18 percent in extraordinarily challenging times. Looking ahead to the first fiscal quarter of 2010, we expect revenue in the range of about $11.3 billion to $11.6 billion and we expect diluted earnings per share in the range of about $1.70 to $1.78.”
“We are thrilled to have sold more Macs and iPhones than in any previous quarter,” said Steve Jobs, Apple’s CEO. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”