Feeds

Apple profits up 15 per cent (again)

5.2 million iPhones sold

The essential guide to IT transformation

The global economic Meltdown may be tightening belts worldwide, but they're not feeling the squeeze in Cupertino.

Apple announced Tuesday that its third fiscal 2009 quarter, which ended on June 30th, saw the company's year-on-year quarterly revenue rise to $8.34bn and its net quarterly profit to $1.23bn. That's up from $7.46bn and $1.07bn in the same quarter last year, an increase in profits of a hair under 15 per cent.

Apple's previous quarter wasn't too shabby either. It saw an increase in profits of 15.2 per cent, year-on-year, with revenue of $8.16bn and net income of $1.05bn.

The numbers don't lie: Apple is on a roll.

Perhaps Apple's numbers reflect what Intel's CEO Paul Otellini suggested during his company's earnings report last week: that the industry is beginning to benefit from "improving conditions in the PC market segment."

That certainly seems true for such tech-industry big boys as Otellini's Intel and Google, which reported that their recent quarters had seen a $1bn pre-EU-fine profit and a $1.48bn profit, respectively.

Apple quarterly numbers were juiced by a 2.6 million Macs sold during the quarter, a four per cent increase over those of the same quarter last year.

Sales of the iPhone increased as well, with 5.2 million sold during the quarter. That's a 626 percent unit growth over the year-ago quarter, even though the iPhone 3GS didn't hit the market until June 19th, less than two weeks before the quarter's end.

It's introduction, it appears, has been a success - so much so that Apple says over a million were sold in its first weekend of its availability.

Peter Oppenhimer, Apple's CFO, projects that the good times will continue to roll. "We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion," he said in a canned statement. "Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $8.7 billion to $8.9 billion." ®

Boost IT visibility and business value

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Apple to build WORLD'S BIGGEST iStore in Dubai
It's not the size of your shiny-shiny...
Just in case? Unverified 'supersize me' iPhone 6 pics in sneak leak peek
Is bigger necessarily better for the fruity firm's flagship phone?
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?