Apple Reports Record $1.61 Billion Profit for Q1 2009

[xxMATTGxx]

Apple today announced financial results for the first quarter of fiscal 2009. Apple posted record revenue of $10.17 billion and net quarterly profit of $1.61 billion, or $1.78 per diluted share, compared to revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, equal to the year-ago quarter, and international sales accounted for 46 percent of the quarter's revenue. Apple also generated $3.6 billion in cash during the quarter. The results constitute the best quarterly revenue and earnings in Apple's history.

Using non-GAAP data, which eliminates subscription-based accounting for the iPhone and Apple TV, Apple would have had $11.8 billion revenue and $2.3 billion of net income.

Apple shipped 2,524,000 Macintosh computers during the quarter, representing 9 percent unit growth over the year-ago quarter. The company also sold 22,727,000 iPods during the quarter, representing 3 percent unit growth over the year-ago quarter and a company record. Quarterly iPhone units sales reached 4,363,000 up 88 percent from the year-ago-quarter.

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history - surpassing $10 billion in quarterly revenue for the first time ever," said Steve Jobs, Apple's CEO.
Apple's guidance for the second quarter of fiscal 2009 includes expected revenue of $7.6 billion to $8.0 billion and earnings per diluted share of $0.90 to $1.00.

Apple will provide live streaming of its Q1 2009 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Source: http://www.macrumors.com/2009/01/21/apple-reports-1-61-billion-profit-for-q1-2009/


Nice to see Apple are doing well, keep it up :)

[Calon]

Apple are so lucky to earn that much, I don't even think (personally) many of their product's are that good, the iPhone is the most attractive product from Apple, and the iMac being the most powerful product of Apple.

[Kyle!]

Apple are so lucky to earn that much, I don't even think (personally) many of their product's are that good, the iPhone is the most attractive product from Apple, and the iMac being the most powerful product of Apple.

Forgetting the Mac Pro?

[j2jcs]

Wow, didn't know that, thanks for info. I prefer Microsoft products personally, as I do not like the Mac interface, but I believe they are getting better. Having said that, the iPod range is probably their money maker mainly, which I addore, so there you go.

They are unlikely to be hard hit by the recession, although their computer sales are probably likely to drop, the iPod branch will just rise.

[xxMATTGxx]

Apple are so lucky to earn that much, I don't even think (personally) many of their product's are that good, the iPhone is the most attractive product from Apple, and the iMac being the most powerful product of Apple.

This Christmas loads of people in my school have got new iPods, including the Nanos, touch, shuffles. iPod is very well known in most parts of the world. I would say the iPod is the most powerful product of Apple. Then I would say Mac/iPhone. Apple are doing well :]

[Nick.]

Apple are so lucky to earn that much, I don't even think (personally) many of their product's are that good, the iPhone is the most attractive product from Apple, and the iMac being the most powerful product of Apple.
You obviously don't know anything about Apple.
They have a range of pro computers, more powerful than the consumer iMac product. The MacBook Pro and Mac Pro are the most powerful systems that Apple sell. (Excluding Xserve? Not sure how much power that has.)

[Alkaz]

Is that it? :P Well done apple, certainly picking up!!

[Pyroka]

Gotta say, that'll be mostly down to people getting iPhones and Apple comps for christmas... It's the only time you can really afford the things. :S

[Alkaz]

Gotta say, that'll be mostly down to people getting iPhones and Apple comps for christmas... It's the only time you can really afford the things. :S
Or not, people arent wanting to spend their money. Especially on a £900>£1500 imac when they can get a much cheaper PC they know how to use.

[xxMATTGxx]

Is that it? :P Well done apple, certainly picking up!!

Is that it? Better then bloody nothing! :P

[Agnostic Bear]

Excellent, now to wait for Steve Jobs to leave and getting OS X Licensed. That will be a fabulous day coming.

[xxMATTGxx]

Excellent, now to wait for Steve Jobs to leave and getting OS X Licensed. That will be a fabulous day coming.

I don't think that will happen any time soon, even if Steve did leave.

[Agnostic Bear]

I don't think that will happen any time soon, even if Steve did leave.

It'd have to be, without him Apple are nothing, they could survive on iPods alone for a small while but then they'd have to license OS X or risk going bankrupt and I don't think Microsoft will bail them out again.

[blanky12!]

It'd have to be, without him Apple are nothing, they could survive on iPods alone for a small while but then they'd have to license OS X or risk going bankrupt and I don't think Microsoft will bail them out again.
i very much doubt they'll go bankrupt.... look at there profit margen... I doubt steve sits tehre and thinks of all the designs models etc...

[Agnostic Bear]

i very much doubt they'll go bankrupt.... look at there profit margen... I doubt steve sits tehre and thinks of all the designs models etc...

You really are quite the 20w light bulb aren't you, they will go bankrupt eventually, Steve makes a lot of decisions, he's the driving force behind Apple and without him they are nothing.

[HotelUser]

Excellent, now to wait for Steve Jobs to leave and getting OS X Licensed. That will be a fabulous day coming.

Never going to happen again.