Qale Apple net profit up sharply on strong iPhone
Oppenheimer said Apple expects revenue in the current fiscal quarter to range from 11.0 billion to 11.4 billion US dollars and for diluted earnings per share to wind up between 2.06 to 2.18 US dollars.
However, sales of iPods slid eight percent to 21 million units in a year-over-year comparison of quarters.
“We are very pleased to have generated 5.8 billion US dollars in cash during the quarter,” said Apple chief financial officer Peter Oppenheimer.
The firm’s quarterly profit amounted to 3.67 US dollars per share in a leap from the 2.50 US dollars per share, or 2.26 billion US dollars in net profit, in the final three months of 2008.
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Apple said it sold 3.36 million Macintosh computers during the quarter, 33 percent more than a year ago, and 8.7 million iPhones, up 100 percent from a year ago. Apple has maintained trademark secrecy regarding a Wednesday event at which it is expected to unveil a tablet computer along the lines of a “iPhone on steroids,” according to analysts. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.” Apple net profit up sharply on strong iPhone sales |
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January 26, 2010 Strong iPhone sales helped Apple post a 50-percent increase in quarterly net profit on Monday of 3.38 billion US dollars. |
“If you annualize our quarterly revenue, it’s surprising that Apple is now a 50-billion-dollar-plus company,” said the iconic California firm’s chief executive Steve Jobs.
Apple said revenue in the first quarter rose to 15.68 billion US dollars from 11.88 billion US dollars in the corresponding quarter a year ago.