Apple Announces Quarterly Results – Records Highest Ever Quarterly Revenues; Profits Soar 50%

News | Sunday January 24 2010 8:24 PM | Comments (0) Tags: , , , , , , , , ,

In the quarter ending December 26, 2009, Apple posted
$15.68 billion
in revenue; a 32% growth year-over-year and the highest that the company has ever recorded. The net profit during this quarter grew 49.5% YoY to
$3.38 billion
. Gross margin was 40.9% up during the same time period. The company sold
8.7 million iPhones
(8% fall) in this quarter.
There has been a significant change in the accounting process of iPhones this quarter. You might recall a Financial Accounting Standards Board (FASB) announcement last year which
' principle for devices like iPhone which are part hardware and part software. In their announcement, Apple noted that they have now retrospectively modified the earlier quarterly figures to reflect these changes.
Here are other interesting points made by Tim Cook, COO Apple during the conference call
The company now has 283 stores worldwide; 10 more than the previous quarter.
70% of the Fortune 100 are piloting or deploying the iPhone . Cook says his company ”
Has Apple 's performance last quarter beaten your expectations? Tell us what you think. Meanwhile, you can also check out Cook's conference call by

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