Apple delivers stunning results; iPhone, Mac lead the way
Apple remains the king of counter cyclical growth as computer and handset sales more than make up for flagging iPod sales. None too shabby considering the shellacking much of the rest of the economy is taking.
Apple has announced stunning third quarter results with revenues jumping to $8.34 billion ($7.46 billion in 2008). The company delivered a $1.23 billion profit, or $1.35 per diluted share (up 13 percent last year), on a gross margin of 36.3 percent, up from 34.8 percent in the year ago quarter
“We’re making our most innovative products ever and our customers are responding,†said Steve Jobs. “We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.â€
By the numbers…
• International sales accounted for 44 percent of the quarter’s revenue.
• 2.6 million Macintosh computers, 4 percent unit increase y-o-y
• 10.2 million iPods, 7 percent unit decline y-o-y
• 5.2 million iPhones, 626 percent unit growth y-o-y
— ‘Currently unable to meet robust iPhone 3GS demand.’
— Sales value of $2.9 billion for the iPhone
• iPod touch sales up 130+ percent y-o-y
— 50+ percent of all iPod buyers are first timers
— 70+ percent of the US market
• iTunes has served 8 billion songs
• Will have opened 25 Apple Stores, remodeled over 100 locations by the end of FY09
Listen in as Tim, Peter, Gary et al do the fiscal dog and pony by clicking here.
Listen in and then come back share your insights…
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