Close

Apple revenue defies global economic recession

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Apple revenue defies global economic recession

San Francisco (CA) – Apple has announced financial results for its fiscal 2009 third quarter ended June 27, 2009. The company posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share. These results compare to revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share, in the year-ago quarter.

Club Cupertino managed to sell 5.2 million iPhones, representing 626 percent unit growth over the year-ago quarter. Apple also shipped 10.2 million iPods – which marked a seven percent unit decline from the year-ago quarter. In addition, the company sold 2.6 million Macintosh computers, achieving a four percent unit increase over the year-ago quarter.

“We’re making our most innovative products ever and our customers are responding,” explained Apple CEO 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.”

Apple CFO Peter Oppenheimer expressed similar sentiments.

“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion. Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $8.7 billion to $8.9 billion and we expect diluted earnings per share in the range of about $1.18 to $1.23,” said Oppenheimer.