Apple Makes A Load Selling 10 Million iPods, 5 Million iPhones, etc
No surprise, Apple made a boatload of money the past three months—$US1.23 billion profit out of $US8.34 billion in revenue. It’s not the $US10 billion orgy of cash the last quarter was, but not too shabby either.
Apple Reports Third Quarter Results
Best Non-Holiday Quarter Revenue and Earnings in Apple History
CUPERTINO, Calif., July 21 /PRNewswire-FirstCall/ — Apple® today announced financial results for its fiscal 2009 third quarter ended June 27, 2009. The Company posted revenue of $US8.34 billion and a net quarterly profit of $US1.23 billion, or $US1.35 per diluted share. These results compare to revenue of $US7.46 billion and net quarterly profit of $US1.07 billion, or $US1.19 per diluted share, in the year-ago quarter. Gross margin was 36.3 percent, up from 34.8 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.
In accordance with the subscription accounting treatment required by GAAP, the Company recognises revenue and cost of goods sold for iPhone(TM) and Apple TV® over their estimated economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures* for the quarter are $US9.74 billion of “Adjusted Sales” and $US1.94 billion of “Adjusted Net Income.”
Apple sold 2.6 million Macintosh® computers during the quarter, representing a four percent unit increase over the year-ago quarter. The Company sold 10.2 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. Quarterly iPhones sold were 5.2 million, representing 626 percent unit growth over the year-ago quarter.
“We’re making our most innovative products ever and our customers are responding,” said Steve Jobs, Apple’s CEO. “We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”
“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $US2.3 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $US8.7 billion to $US8.9 billion and we expect diluted earnings per share in the range of about $US1.18 to $US1.23.”
Apple will provide live streaming of its Q3 2009 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on July 21, 2009 at http://www.apple.com/quicktime/qtv/earningsq309/ and will also be available for replay for approximately two weeks thereafter.
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Comments (AU Comments | US Comments)
YAY! Apple can handle recession.
@jfj:
The iPhone and iPod Touch are considered the next step in technology. Those two items are more of a mini entertainment system than an mp3 player or cell phone.
rabidkeebler
@DonLaFontaine: I read that o-v-e-r and couldn't help but hear this very high tone with a long emphasis on the "errrrrr" sound. I admit it made me smile.
Kaiser-Machead
@clearbox: An iPod on steroids? I think of the iPhone more as an iPod idiot savant.
Does an amazing job as a portable touchscreen computer/internet device, but as a music player, fairly retarded.
@jfj: "Isn't the iPhone just an iPod with a phone?"
No, the iPhone is a phone with a media-playing app that was called "iPod" for the name-recognition factor alone. It has less storage than a classic iPod, poorer use of space on its "now playing" screen, and is (ironically) virtually impossible to operate by touch.
I guess it's time to pick up a few backup Classics -- and Toshiba drives, for that matter -- before they're thrown into the dustbin of tech history.
@marythegr8: I believe you can buy an iPhone retail. Go to your Apple store and check again.
dallasmay2
@jfj: No way...Far, far different distribution models, contracts, longer-term revenue opportunities. On a technology-basis, sure its just a few extra chipsets on top of the touch, but otherwise, the iPhone is no where near "just an iPod with a phone."
Mike Gaertner
its not surprising at all.
I bet iphone sales are helping mac sales alot too. you need a mac to develop iphone apps, and the iphone is sorta of a gateway drug
fleebailey33
Mac sales up 4%, PC sales down 12% - now that's a great way to beat the market!
S-Express
Must be because I bought an iPhone last week.
@OblivionVII: I am waiting till February when I am eligible for upgrade. Seems dumb. They could sell me a iPhone early and get $30 more a month from me for 2 years now. The other dumb thing is that I can't just go buy one for $100-200 more dollars without still resigning my contract for 2 years.
marythegr8
@OblivionVII: But doesn't that mean you're also still stuck with ATT until the contract expires?
@Skeetz: We need to better coordinate our comments. This is becoming an odd and all to common occurrence.
@jfj: It may be because one is an iPod with a phone and the other is an iPod without a phone
iPods are pretty saturated in the market so this makes sense. It's not every year you could get a new one.
Digo
and I am still iPhone less because they won't let me upgrade... Way to lose a customer ATT/Apple...
OblivionVII
@roflwaffles is terribly unfunny: Winner!
@Skeetz: Awww ya gawt meh
People tend to forget that the iPhone *is* an iPod on steroids. I therefore do not believe iPod sales are down - consumers are shifting to iPhones.
Regardless, great job Apple!
clearbox
@jfj:
Im guessing because they're two different things.
"The iPhone ascends, the iPod falls."
Isn't the iPhone just an iPod with a phone? Why must the distinction be made... It's like saying Macbook Pros are up and Macbooks are down.
jfj
iPhone figures sound about right. The 3GS was released in June 09, while 3G was released in July 08. That means no one was buying the 1st-gen iPhones in the second quarter of 2008, because they were waiting for the new 3G model. 3GS snuck into the second quarter results for 2009.
That's a hefty but not unreasonable profit margin. iPhones bring them a lot more money than iPods, so I'm sure they're glad to see that trend going the way it is.
@tande04 mile island in the sun: JINX!
Skeetz
@The Red Comet: I think you just missed the sarcasm tag. ;)
@The Red Comet: Completely agree.. but.. uh... you did get his sarcasm , right?
Skeetz
@DonLaFontaine: Problem is, the Adamo doesn't seem to have the exposure or cultural significance/sentiment that Apple computers have. I've yet to hear about the Adamo outside of these tech blogs, and either way Dell will keep having the same perception toward it.
But wait ... didn't Dell just drop the price on the Adamo to compete with the MacBook Air? Put a fork in Apple, the glory days are o-v-e-r.
It prints money!!!
Apple's created electronic Hotcakes.