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Apple announces its 'most profitable quarter ever'
Apple has announced its fiscal fourth quarter results, showing $9.87 billion in revenue and a net profit of $1.67 billion ($1.26 per diluted share). This compares to the company's $7.9 billion revenue and $1.14 billion net profit in the year-ago quarter. For the entire year, Apple's revenue grew by 12% and net income by 18% -- quite impressive considering the recession and all.
In fact, Cupertino says its 2009 fiscal fourth quarter was its most profitable ever with record Mac and iPhone sales. Apple shipped 3.05 million Mac computers and 7.4 million iPhone handsets during the quarter, a year-over-year increase of 17% and 7%, respectively. Meanwhile the company moved 10.2 million iPods, an 8% decline on year.
Naturally, company execs are thrilled, and CEO Steve Jobs noted that Apple has a strong lineup prepared for the holiday season as well as 2010. Apple CFO Peter Oppenheimer is predicting another solid period ahead, anticipating revenue of $11.3 to $11.6 billion for the 2010 fiscal first quarter.
In fact, Cupertino says its 2009 fiscal fourth quarter was its most profitable ever with record Mac and iPhone sales. Apple shipped 3.05 million Mac computers and 7.4 million iPhone handsets during the quarter, a year-over-year increase of 17% and 7%, respectively. Meanwhile the company moved 10.2 million iPods, an 8% decline on year.
Naturally, company execs are thrilled, and CEO Steve Jobs noted that Apple has a strong lineup prepared for the holiday season as well as 2010. Apple CFO Peter Oppenheimer is predicting another solid period ahead, anticipating revenue of $11.3 to $11.6 billion for the 2010 fiscal first quarter.
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