APPLE DELIVERS FANTASTIC RESULTS

Files under General | Jul 21st

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Apple announced just a few minutes ago the best results for a non-holiday quarter in Apple’s history, posting a 12 percent jump in revenue and a 15 percent boost in profit.

Apple had revenue of $8.34 billion and quarterly profit of $1.23 billion or $1.35 per diluted share in the quarter that ended on June 27.

Apple issued its usual conservative guidance but the shares went up almost 5% in the after-hours trading.

Apple announced that for the fourth quarter of 2009, it expects revenue to be in the range of about $8.7 billion to $8.9 billion. According to Reuters Estimates, analysts on an average were expecting revenues of $9.1 billion.

• Gross margin was up to 36.3 percent from 34.8 percent a year ago.• Mac computer sales hit 2.6 million units, a 4 percent increase over a year ago.• Apple sold 5.2 million iPhones, a 626 percent jump over the same period last year.• The iPhone sales were bolstered by the June 19 release of the iPhone 3G S, which sold 1 million units in its first weekend.• You can buy now iPhones in 81 countries and 50,000 storefronts.• The iPod sales dropped 7 percent to 10.2 million units, but sold over 8 billion iTunes songs as of last week.

“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.”

These stellar results blew away the most optimistic analyst estimates.

More details here.



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