Apple Profits $1.61 Billion, Highest Ever

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?

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  • megabuster
    Congrats to Mac! I hope they hire more people in this struggling economy.
  • njalterio
    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
    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.