During Apple’s quarterly earnings call this afternoon, the company reported record Mac and iPhone sales during the fiscal 2010 first quarter, and commented a bit about problems with AT&T, and the their relationship with Google.
Compared to the same time last year, revenue is up 50% to 15.68 billion, with a net profit of $3.38 billion, up from $11.88 billion revenue and $2.26 billion net profit during Q1 2009. The company delivered $3.67 per diluted share, up from $2.50 per diluted share a year ago.
In addition, the company also reported selling 8.7 million iPhones during the quarter, a 100% increase year over year, as well as 21 million iPods, and 3.36 million Macs. Sales of the classic iPod models are down, but iPod Touch sales are up 55% compared to the same period a year ago. Read more
Another record financial quarter for Apple
Apple hosted its quarterly earnings call today at 5PM EDT, announcing revenue of $13.50 billion and net profit of $3.07 billion or $3.33 per diluted share, up from $1.62 billion net profit and $1.79 per diluted share from one year ago. Gross margin was 41.7 percent, up from 39.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue. Apple’s CFO Peter Oppenheimer predicted that the company expects to see revenue of $13.0 billion to $13.4 billion for Q3 2010 along with earnings per share between $2.28 and $2.39.
The press release posted to the Apple website quotes Steve Jobs as saying Apple had its “best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent”. Read more