Posted by: Arik Hesseldahl on April 22
The economy hasn’t taken the air out of Apple’s growth yet. The company just reported earnings of $1.21 billion or $1.33 per share on revenue of $8.16 billion. The EPS results bested the average estimate by Wall Street analysts polled by 24 cents, and beat revenue estimates by $200 million.
But even Apple isn’t escaping the slowing economy entirely unscathed. While iPod sales managed to eke out a growth rate of 3% over the year-ago quarter, for a total of 11 million units, and iPhone sales grew by 123% year-over-year to 3.79 million units, sales of Apple’s Macintosh personal computers declined by 3% from the year-ago period.
During a conference call with analysts, CFO Peter Oppenheimer explained the decline in Mac sales was the result of unusually high Mac sales during the March quarter in 2008 following the release of the MacBook Air, making for what he called “a tough compare.”
Looking ahead the company said it expects to report revenue of between $7.7 billion and $7.9 billion in the its third fiscal quarter ending in June, and to report per share earnings of between 95 cents and $1.00.
go Cali!!!
Yeah, but still Made in China... Why not made in USA?????
''Apple Beats Estimates, But Mac Sales Decline". LEAVE IT TO YOU TO BE NIT-PICKING. IT DIDN'T HURT APPLE'S EARNINGS. SEQUENTIAL DECLINE!! WHAT ABOUT COMPARING IT TO THE SAME QUARTER OF PRIOR YEAR???
Mac unit decline is small and year ago quarter it was boosted by the massive launch of the Macbook Air.
This quarter the new mac minis and pros only came out only a few weeks before end of quarter.
What is surprising is the good sales of iPod touch and iPhones although most people know iPhone 3.0 (hardware and software) is coming out soon. Compare this to how Palm devices tanked waiting for the Pre.
THE PRODUCTS MADE IN CHINA ARE FINE TOO!
I love Apple. Go on, babe.
Concerning the post "Yeah, but still Made in China... Why not made in USA?????"
Dell etc. all make their stuff overseas as well.
At least Apple from what I understand has now placed all its customer call centers in U.S for US customers.
@Dave The comparison is to the year-ago quarter, not sequential. As noted, it was in part because of the large boost in sales because of the MacBook Air. What you call "nitpicking" I call looking at the details.
Why not made in USA?
If Apple produces in the US everyone will have to pay more for a mac, and the number of macs sold will fall further, damaging one of the strongest and most innovative American companies. That can't be good for Apple, mac buyers, America, the economy, or jobs.
@Dave,
You shouldn't really engage in flaming someone over an article which you clearly did not read thoroughly. Also, you do have to "nitpick" most of these stories to separate the wheat from the chaff. If you do, you realize that Apple beat the pants off the PC world even more thoroughly than the numbers indicate on the surface.
Appart from the introduction of the MacBook Air making the year-ago quarter bigger than might have ordinarily been expected, the fact that Apple's desktop lineup did not receive its long-overdue update until very late in the quarter did not help, either. But if you take away sales of crappy netbooks which were responsible for the only positives on the PC side, you'll find that full-featured PC sales were down 15%. For Apple to have reported only a 3% drop (y-o-y, not sequentially)in Mac sales while selling premium priced machines in a thoroughly depressed market, comparatively that constitues a butt-kicking of major proportions.
A blog on the daily doings of Apple and the many companies in its orbit, with insight and analysis by two longtime Apple-watchers BusinessWeek Senior Writer Peter Burrows and BusinessWeek.com Senior Technology Writer Arik Hesseldahl.
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