Record Mac, iPhone sales drive record revenues and profits

April 20, 2010

Whereas the economy is still just limping along, over favorite fruit company has put together yet another killer quarter with record (non-holiday) revenues, profits and unit volumes. Further, Apple’s iPod business remains surprisingly strong with market share holding steady and unit volume down just a tick.

Apple has announced revenue of $13.50 billion ($9.08b ’09) and net quarterly profit of $3.07 billion ($1.62b), or $3.33 ($1.79) per diluted share. Gross margin was 41.7 percent, up from 39.9 percent in the year-ago quarter with international sales accounting for 58 percent of the quarter’s revenue.

“œWe’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Steve Jobs. “œWe’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

Here are the bullet points:

      ” 2.94 million Macs, 33 percent growth y-o-y
      “” Strong double-digit growth in both desktops and notebooks

      ” 10.89 million iPods sold
      “” 1 percent decline y-o-y
      “” iPod touch units grew 63 percent y-o-y
      “” Overall iPod revenue growth of 12 y-o-y
      “” Market share still exceeds 70 percent

      ” Very strong demand for music, movies and apps
      “” $1.4 billion in revenues
      “” App Store now available in 90 countries

      ” 8.75 million iPhones, an all-time high
      “” 131 percent y-o-y growth
      “” $5.45 billion revenue from iPhones, etc
      “” 151 carriers in 88 countries

      ” Apple retail $1.68 billion, up 22 percent y-o-y
      “” About half of all Mac sales were to Windows users
      “” 47 million visitors, up 20 percent y-o-y
      “” 607,000 one-to-one members
      “” 286 stores now open worldwide
      “” On track to open 60 to 70 stores this fiscal year

      ” Greater China revenues hit $1.3 billion in the first half
      “” Up 200 percent y-o-y

      ” Apple TV unit sales up 33 percent y-o-y
      “” This with a single model that hasn’t been updated in years

Yet another stunning quarter and you can listen to Peter, Tim and whole crew do their thing “” cached audio stream (requires QuickTime).

Who would’ve thunk?

Five years ago, would you have believed that Apple would surpass Microsoft in terms of revenues and profits in just five years (Do you think Steve Balmer believes it)? It looks like that will indeed come to pass this year. Wow…

What’s your take?

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