Apple reports its most profitable quarter in history

20 Oct 2009

Apple last night reported a Q4 net profit of US$1.67 billion, its highest quarterly profit yet. The company said that sales of Mac computers and iPhones is stronger than ever, but iPod sales are declining.

“We are thrilled to have sold more Macs and iPhones than in any previous quarter,” said Steve Jobs, Apple’s CEO. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”

For the quarter, Apple reported revenues of US$9.78 billion and a net quarterly profit of US$1.67 billion compared with revenue of US$7.9 billion and net quarterly profit of $1.14 billion last year. Gross margin was 36.6pc, up from 34.7pc in the year-ago quarter. International sales accounted for 46pc of the quarter’s revenue.

Apple sold 3.05 million Macintosh computers during the quarter, representing a 17pc unit increase over the year-ago quarter. The company sold 10.2 million iPods during the quarter, an 8pc unit decline from a year. Apple sold 7.4 million iPhones in the quarter up 7pc on last year.

“We are delighted with our September quarter and fiscal 2009 results,” said Peter Oppenheimer, Apple’s CFO. “For the full year, we grew revenue by 12pc and net income by 18pc in extraordinarily challenging times. Looking ahead to the first fiscal quarter of 2010, we expect revenue in the range of about US$11.3 billion to US$11.6 billion and we expect diluted earnings per share in the range of about US$1.70 to US$1.78.”

By John Kennedy

Photo: Apple CEO Steve Jobs.

Photo by Matthew Yohe

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years