Quarterly results are in — Apple reports record revenue of $10.17 billion and record net quarterly profit of $1.61 billion. This is the first quarter ever that Apple has posted revenue over 10 billion dollars.
Apple sold 2.5 million computers in the quarter (+9% y/y). Desktop sales are down about 25% while portable (laptop) sales are up around 34%.
They have also bucked the trend of luxury retailers and actually seen retail growth of 2% in the quarter ending 12/27/2008 at the 251 Apple retails stores.
Coming just a few days after Apple announced that there have been over 500 million app downloads, we now know to whom all those apps are being sold. Apple sold 22.7 million iPods in the quarter (3% growth y/y) — it’s expected that a modest number of those are iPod Touches but they represent a greater percentage of the revenue. In addition, they announced that 4.4 million iPhones (88% growth y/y) were sold in the last quarter bringing the total to 13.7 million for the year.
In addition, Apple re-affirmed commitment to the Apple TV, seeing 3x growth in sales year over year. Stressing that it’s still considered a hobby and that they see growth in the segment in the future.
[ Full details: Apple Reports First Quarter Results - Apple PR ]Posted in: Blog
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