Apple reveals record results

Beats estimates with best ever quarter

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21 January 2009 22:58 GMT / By Amy-Mae Elliott

Apple has announced its financial results for its fiscal 2009 first quarter ending 27 December, and unlike many other tech companies struggling in the current climate, has again revealed record results.

Apple posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion. This compares to revenue of $9.6 billion and net quarterly profit of $1.58 billion for the same quarter last year.

Fastidious types should note that GAAP subscription-based accounting measures, that see iPhone and Apple TV figures reported differently, see $11.8 billion of "Adjusted Sales" and $2.3 billion of "Adjusted Net Income".

Apple sold 2,524,000 Macs during the quarter, a 9% growth over the year-ago quarter and sold 22,727,000 iPods - apparently a record - and 3% up from the same time last year while the quarterly iPhone sales come in at 4,363,000.

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history - surpassing $10 billion in quarterly revenue for the first time ever", said Steve Jobs, Apple's CEO.

These results beat Wall Street estimates and have seen Apple's shares rise as much as 9% - no doubt a relief to a company losing its CEO for 6 months due to health reasons.