Post by mannypeters on Jan 26, 2010 11:20:24 GMT -4
(Give or take).
Remember when Apple was going to be bankrupt? Yeah, I remember those days. It seemed like you couldn't read an article about Apple with it preceded by "beleaguered".
Now the next question for me is: What's the new major project? I guess the rumors of the Tablet will be finally revealed Wednesdauy.
Remember when Apple was going to be bankrupt? Yeah, I remember those days. It seemed like you couldn't read an article about Apple with it preceded by "beleaguered".
Apple Reports First Quarter Results
All-Time Highest Revenue and Profit
New Accounting Standards Adopted
CUPERTINO, California—January 25, 2010—Apple® today announced financial results for its fiscal 2010 first quarter ended December 26, 2009. The Company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share. These results compare to revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share, in the year-ago quarter. Gross margin was 40.9 percent, up from 37.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
Apple sold 3.36 million Macintosh® computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.7 million iPhones in the quarter, representing 100 percent unit growth over the year-ago quarter. Apple sold 21 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.
During the quarter Apple elected retrospective adoption of the Financial Accounting Standards Board’s amended accounting standards* related to certain revenue recognition. Adoption of the new accounting standards significantly changes how the Company accounts for certain items, particularly sales of iPhone® and Apple TV®.
“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.”
“We are very pleased to have generated $5.8 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2010, we expect revenue in the range of about $11.0 billion to $11.4 billion and we expect diluted earnings per share in the range of about $2.06 to $2.18.”
Now the next question for me is: What's the new major project? I guess the rumors of the Tablet will be finally revealed Wednesdauy.
