Posted by: Arik Hesseldahl on October 19
Apple once again trounced the expectations of analysts in reporting results for its fiscal fourth quarter ended Sept. 26. The company reported revenues that grew 25% over the same quarter a year ago and profits that grew 46%.
Apple reported revenue of $9.87 billion, and a profit of $1.67 billion or $1.82 per share.
The results bested the estimates of analysts, many of whom had worried that rumored shortages of a key component for the iPhone might have affected sales of the popular wireless device. The consensus estimate of Wall Street analysts had called for Apple to report per-share earnings of $1.42 on sales of $9.2 billion.
Apple’s stock began trading up substantially — by more than $13 or more than 7% — in after-hours trading as the results were reported. The stock finished the regular trading session higher at $189.96, up $1.81 or nearly 1% after opening at $187.84. The stock has been flirting with the $200-per share mark, a level not seen in nearly two years. On Oct. 15 Apple stock hit a 52-week high of $192.32, less than 6% off its all-time high of $202.96 set on Dec. 27, 2007.
Apple set an all-time single-quarter sales record with its Macintosh computers, selling 3.05 million, accounting for $3.95 billion, or 40% of sales. Apple finished the year just short of the 13 million unit mark for the fiscal year, an improvement over the prior year of nearly 3.3 million units.
IPhone unit sales also set a quarterly record or 7.4 million units, amounting to a year-on-year improvement of nearly 7%. IPhone sales broke the 20-million unit mark for the fiscal year.
IPod sales declined slightly year-on-year to 10.177 million, down from 11.05 million, and also down sequentially from 10.215 million from the third quarter.
Apple finishes its fiscal year 2009 with sales of $36.5 billion, up more than 12% from fiscal 2008, and per-share profit for the year $6.29, beating the consensus estimate by 41 cents.
Good for u, Apple... but u won't get my $$$$ for Mac or tablet (if u have one)....
Apple proves that the recession has limited impact on companies that constantly innovate and offer superior products with superior designs. My PowerBook G4 is going on 5 years without an issue but I may replace it this year just because the new PowerBooks are that much better. Not to mention that iPhone sales would explode if Apple only launched a CDMA version for use on Verizon and Sprint. When that happens, you may expect iPhone sales to at least double... maybe triple in the U.S.
Apple proves that the recession has limited impact on companies that constantly innovate and offer superior products with superior designs. My PowerBook G4 is going on 5 years without an issue but I may replace it this year just because the new PowerBooks are that much better. Not to mention that iPhone sales would explode if Apple only launched a CDMA version for use on Verizon and Sprint. When that happens, you may expect iPhone sales to at least double... maybe triple in the U.S.
And to think they do it with mostly American labor. Unlike MS which employs 30,000 H-1Bs, Apple employs a mere 1,308.
So much for the "best and the brightest" from abroad.
Now just think: if all American tech companies used American labor like Apple does, the whole economy would be booming like Apple.
Wait a minute.... that's what we had before we began importing millions of 3rd world workers in 1998.......
Good point, Bobo.
I am German in Mexiko and I agree BOBO!!
Very Good point!!
You know how apple makes the rest of the work done so efficiently?
It hires outsourcing companyes for such things as IDEAS!! (Check out IDEO, one of the oldest companies that BOTH Microsoft and Apple hired, the first product for both: their first mouse!)
That means for me, that such big companies, concern only on what they do best, and hire others to do what they do best.
Wouldn't that ideology all over the country, create a wide spreaded business piramid formed network?
Here's today news on how could it happen: (http://bit.ly/12wVW9)
I am German in Mexiko and I agree BOBO!!
Very Good point!!
You know how apple makes the rest of the work done so efficiently?
It hires outsourcing companyes for such things as IDEAS!! (Check out IDEO, one of the oldest companies that BOTH Microsoft and Apple hired, the first product for both: their first mouse!)
That means for me, that such big companies, concern only on what they do best, and hire others to do what they do best.
Wouldn't that ideology all over the country, create a wide spreaded business piramid formed network?
Here's today news on how could it happen: (http://bit.ly/12wVW9)
No doubt about it,that Apple has got competitive advantage in I-Phone, however don't you reckon that they are pretty carried away with this image which detered them to come up resolution of present product issues.....
Apple doesn't outsource. That's their magic. Steve even said so in a TV interview. Apple closed all their R&D in India in 2006. Boom! Instant success. Wonder why?
The mouse was invented by Doub Englebart.
Most of Apple's ideas come from in-house, the iPod is one exception. It came from Tony Faddell who is now VP of the iPod division.
Apple is one of the few high-tech companies that value AMERICAN talent.
No Curry Den there. Thus their success.
Not surprised about Apple's success. All I know is that I got my 1st iPhone less than 6 weeks ago (3GS), and it's the most amazing device I've ever owned. I thought my Blackberry was pretty great, but the iPhone completely kicks its butt. Kudos to Apple for its remarkable innovation!
Not surprised about Apple's success. All I know is that I got my 1st iPhone less than 6 weeks ago (3GS), and it's the most amazing device I've ever owned. I thought my Blackberry was pretty great, but the iPhone completely kicks its butt. Kudos to Apple for its remarkable innovation!
I am surprised that nobody commented on the non-GAAP revenue of 12,2 billion $?
Innovation sells. When this country stops improving and making products better then we look elsewhere to buy our products. As long as American companies can produce a quality product we will buy. fergie hot fergie hot pics
iPhone SALES were up around 41%, while shipments were only up 7%. Why? Remember last year's 6.9M units, 2M of those were to fill the channel inventory, that they had emptied in transitioning from the EDGE iPhone to the 3G one.
In this quarter, about 500k iPhones went to increasing inventory, meaning that about 6.9M were actual sales, so the actual increase is around 41%!!!
iPhone SALES were up around 41%, while shipments were only up 7%. Why? Remember last year's 6.9M units, 2M of those were to fill the channel inventory, that they had emptied in transitioning from the EDGE iPhone to the 3G one.
In this quarter, about 500k iPhones went to increasing inventory, meaning that about 6.9M were actual sales, so the actual increase is around 41%!!!
iPhone SALES were up around 41%, while shipments were only up 7%. Why? Remember last year's 6.9M units, 2M of those were to fill the channel inventory, that they had emptied in transitioning from the EDGE iPhone to the 3G one.
In this quarter, about 500k iPhones went to increasing inventory, meaning that about 6.9M were actual sales, so the actual increase is around 41%!!!
"Apple is one of the few high-tech companies that value AMERICAN talent."
Jonathan Ive. Brit. Nuff said.
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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