Posts Tagged quarterly report

Yesterday Apple announced its quarterly financial earnings for Q1 2010 which ended on Dec 26th 2009, calling it a “Record Breaking” first quarter. In fact, the company reported it turned over $15.68 Billion in revenue, managing to sell a staggering 8.7 Million iPhones which saw a 100% unit growth, 3.36 Million Macintosh computers which saw a 33% increase over last quarter, and finally reporting it had sold just 21 Million iPods which represented a slight decline of 8% in unit growth.

In a press release statement posted on Apple.com, Steve Jobs CEO commented that Apple has now become a $50 Billion company, and looking forward to future product announcements (Ahem .. Tablet) and gearing up for the fiscal quarters that lie ahead, he doesn’t see that slowing down anytime soon.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company. 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.”

If this report suggests anything, it shows that despite the economic climate of 2009 and early 2010, Apple has boatloads of tenacity, managed to battle through it all, and is seeing, once again, a record breaking quarter in unit sales, especially in regards to its popular iPhone product line.

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 ]

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