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Apple Profits Soar 47%


October 20, 2009
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Apple Inc. yesterday once again claimed to have its “most profitable quarter ever” as the Cupertino-based company announced financial results for its fiscal 2009 fourth quarter, ended September 26, 2009, including revenue of US$9.87 billion and a net quarterly profit of US$1.67 billion. This financial news helped to increase the value of Apple shares by seven percent, on the same day.

While this quarterly increase represents a 47 percent profit jump, Apple, for its entire 2009-financial year, saw profit rise by 18 percent to US$5.7-billion, while revenue climbed 13 percent to US$36.5-billion. International sales accounted for 46 percent of the quarter’s revenue.

Apple sold 3.05-million Macintosh computers during the quarter, representing a 17 percent unit increase over the year-ago quarter. The company sold 10.2-million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.

Apple sold 7.4-million iPhones in the quarter, representing seven percent unit growth over the year-ago quarter. According to its GAAP accounting structure, Apple recognizes revenue and cost-of-goods sold for iPhone and Apple TV over their estimated economic lives.

“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.”


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