Sales of iPhones rock Apple results with 123pc increase

23 Apr 2009

It is the device that keeps on giving. A 123pc increase in sales of iPhone devices helped to drive Apple’s second-quarter results to a new high, with the Silicon Valley legend reporting revenues of US$8.1bn and a profit of US$1.2bn.

The results show a marked increase from revenue of US$7.5bn and net quarterly profit of US$1.05bn in the first quarter.

Gross margin was 36.4pc, up from 32.9pc in the year-ago quarter. International sales accounted for 46pc of the quarter’s revenue.

Apple sold 2.22 million Macintosh computers during the quarter, representing a 3pc unit decline on the same quarter last year.

The company sold 11.01 million iPods during the quarter, representing 3pc unit growth year-on-year.

Quarterly iPhone units sold were 3.79 million, representing 123pc unit growth over the year-ago quarter.

“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” said Peter Oppenheimer, Apple’s CFO.

“Apple’s financial condition remains very robust, with almost US29bn in cash and marketable securities on our balance sheet.

“Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about US$7.7bn to US$7.9bn and we expect diluted earnings per share in the range of about US$.95 to $1.00,” Oppenheimer said.

Meanwhile, the countdown to the one billionth iPhone app to be downloaded from the Apps Store on iTunes continues unabated, with the clock standing at 996.97 million apps sold so far.

By John Kennedy

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