Apple just
released its fiscal Q1 2010 financial results to analysts and investors just a
few hours ago, revealing that the fruit-themed toymaker effectively doubled its
iPhone sales compared to last year.
The company’s conference call concluded to state that net
income for the quarter ending December 31, 2009 surged 50-percent from a year
earlier to a record $3.4 billion ($3.67 per share). The company sold 8.7 million iPhones during a very strong holiday sales period, and up to 7.4 million units in the prior quarter.
In contrast, analysts who were polled had expected earning
of $2.08 per share. In perspective, Apple’s total sales rose 32-percent to a
record $15.7 billion, marking the second straight quarter in which Apple has
posted record revenue. "If you annualize our quarterly revenue, it's
surprising that Apple is now a $50+ billion company," said CEO Steve Jobs.
"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."
Meanwhile, Macintosh sales spiked up 33-percent and iPod
sales continued to decline with an 8-percent drop over a year ago. "We're
shipping our best products ever and customers love them,” said Peter
Oppenheimer, Chief Financial Officer.
"Apple still has a fair amount of headroom with the
iPhone given how big the market is," said Barry Jaruzelski, an analyst at
Booz & Co. "That's one of the reasons why a cell phone was an obvious
choice to fill the gap left by leveling-off iPod sales."
According to Engadget, laptop sales were up 18 percent, and
people like the new MacBook. People also like the new iMac, and in particular,
education sales went up a whopping 61-percent.
On another note, a few comments were asked during the
financial conference call regarding Apple’s stance with AT&T. “AT&T is
a great partner, it's important to remember that they have more mobile
broadband usage than any other carrier in the world,” said Tim Cook, Chief
Operating Officer. “In the vast majority of places, iPhone customers are getting
a great experience. AT&T has acknowledged problems, we've personally
reviewed their plans to fix it and we're confident it'll be handled.”
Several questions were also asked regarding upcoming
unannounced products and everyone’s favorite unrevealed tablet that has been
kept under wraps for so long. “I don't want to take away your joy and surprise
on Wednesday, so let's save that,” said Cook.
Overall, Apple has proven itself a leader in the moneymaking
game in this industry. Despite the confrontationally mixed opinions and
impressions that various readers hold of Steve Jobs, we are still inclined to
say that the man does know how to run a company. Stay tuned for more updates
regarding “unannounced products” on Wednesday at 10am PST.
Published in
News
Apple reports $3.38 billion Q1 profit, iPhone sales double
Its “all-time highest revenue and profit”