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Apple Profits $1.61 Billion, Highest Ever

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6:20 PM - January 21, 2009 by Marcus Yam

As the stock market closed today, Apple released its first fiscal quarterly earnings report filled with good news.

Apple set new records for itself with revenue of $10.17 billion and net quarterly profit of $1.61 billion, or $1.78 per diluted share. All figures are up from the same period last year’s $9.6 billion revenue, net quarterly profit of $1.58 billion, or $1.76 per diluted share. Gross margin remained the same at 34.7 percent.

The company is optimistic that it will stay profitable in the upcoming quarter. “Our outstanding results generated over $3.6 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00.”

It’s no coincidence that we’ve been seeing more Apple products in people’s hands during their commute, or more MacBooks in coffee shops. Apple said that it sold 2,524,000 Macs computers during the quarter, representing nine percent unit growth over the year-ago quarter. 71 percent of those Macs were notebooks, partially thanks to the introduction of the newly designed unibody MacBooks.

Apple also sold more iPods than it ever before with 22,727,000 during the quarter, representing three percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter (but down from the previous quarter).

“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history--surpassing $10 billion in quarterly revenue for the first time ever,” said Steve Jobs, Apple’s CEO.

Do you credit Apple's recent success to Steve Jobs? Or do you believe that Jobs' role in Apple is over perceived and the products that the company dishes out should be credited to others like Ive?

Source : Tom's Hardware US

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megabuster 01/22/2009 12:38 PM
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Congrats to Mac! I hope they hire more people in this struggling economy.

njalterio 01/22/2009 12:46 PM
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Just a little while longer -

I hope these Macs keep selling. Let Apple take on the responsibility needed to support lots of different devices, or fix security holes in the Mac OS. When these Macs become the mainstream; lack of support and security holes will hit users like a slap in the face.

Call me bitter, but I am tired Apple fanatics telling me how great the Mac system is and quoting Mac ads "It just works" and "It has a solid Unix layer". Guess what morons; Unix protocol is simply a file structure standard with some common commands. It has NOTHING to do with virus protection or system stability. If anything I would expect the easily found source code in UNIX systems presents a greater security vulnerability once programmers feel the need to start writing malicious code for Macs. Obscurity is the only reason why Macs have a perceived advantage over Windows based computers.

Keep on selling Apple, here's to watching you crash and burn.

KawiNinjaZX 01/22/2009 1:25 AM
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Nothing is more annoying than snobby mac owners than pissy PC owners. I have a nice Vista desktop, an aluminum Macbook and an iPhone and I love them all. Yes one day Macs will have virus problems and other issues, especially if they allow third party developers in, but relax and dont be so bitter.

Anonymous 01/22/2009 1:56 AM
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That's great to see that more than 10% of their sales is sheer profit. Ya think Macs might be slightly over priced?

Anonymous 01/22/2009 2:31 AM
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The_Blood_Raven 01/22/2009 2:58 AM
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Falcon Northwest overclocks past 4.0 Ghz on quads and only uses cherry picked parts... The others suck I admit that.

Anonymous 01/22/2009 3:59 AM
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tayb 01/22/2009 5:08 AM
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You would think that with an average margin of 34% they would cut back on some of the prices due to the major economic problems we are going to face over the next 6 months. Apple products are very poorly positioned for success in the upcoming economic climate they need to lower their prices or sales will drop dramatically.

A $999 macbook with slightly outdated parts wasn't that bad of a deal (not a great deal though) 6-7 months ago but money is tight and people are being laid off. Starting prices at $999 for a notebook aren't going to cut it when the competition has notebooks and netbooks for a third of that price.

OSX Leopard is a great operating system and some people PREFER it to Windows but when people start preferring to have more money in their wallet they will "tolerate" a windows based PC for half (or less) than what Apple is offering.

V8VENOM 01/22/2009 8:10 AM
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I use Vista, XP, OS X. When I want to get stuff done, I use OS X. When I want to play games I use Vista or XP. When I code software for retail I use my MacPro running bootcamp on a Vista x64 drive.

Microsoft is a 70% company -- meaning they'll do 70% of the work, and end user has to figure out the rest.

Apple is a 90% company.

If Microsoft don't change, they will become the minority market share. Both are needed to drive innovation.

zodiacfml 01/22/2009 11:16 AM
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ipod...ipod..ipod.
without the profits coming from ipods, apple may not have the cash to produce the new macbooks or iphones. add to that the excellent marketing the ipod makes to promote the apple brand.

zak_mckraken 01/22/2009 4:13 PM
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[citation][nom]V8VENOM[/nom]Microsoft is a 70% company -- meaning they'll do 70% of the work, and end user has to figure out the rest.Apple is a 90% company.citation]

Please, explain.

zak_mckraken 01/22/2009 4:48 PM
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Oops. Should have been:

V8VENOM :
Microsoft is a 70% company -- meaning they'll do 70% of the work, and end user has to figure out the rest.Apple is a 90% company.



Please, explain.

wymer100 01/22/2009 5:10 PM
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zodiacfml :
ipod...ipod..ipod.without the profits coming from ipods, apple may not have the cash to produce the new macbooks or iphones. add to that the excellent marketing the ipod makes to promote the apple brand.



Apple was still very profitable after the launch of the imac and before the launch of the ipod and iphone. Apple was very smart after the dot-com crash to not slash their R&D budgets like other computer makers. As such, they are now reaping the rewards of that. Apple is not perfect, far from it. What they have right now over MS is good executive leadership with a vision for the future. Both Apple and MS have great people working for them so the difference must be leadership. It just seems as though MS has been floundering over the past few years. MS has yet to come up with a breakout product beyond Windows or Office. The closest thing is the xbox, but it's not a world beater. Apple has been able to guess correctly about the future and execute very well. To me, that really the difference between MS and Apple.

bone squat 02/05/2009 10:56 PM
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Good for them. I hope they choke on their money.

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