iLounge

By Charles Starrett

Senior Editor, iLounge
Published: Wednesday, January 21, 2009
News Category: Apple

Reporting its first quarter financial results today, Apple said it sold a record 22.7 million iPods during the holiday quarter — a 3 percent increase compared to the same quarter last year. It also sold 4.363 million iPhones in the quarter, an 88 percent increase year-over-year, but down from 6.89 million units in the prior quarter. The company posted revenue of $10.17 billion and net quarterly profit of $1.61 billion, or $1.78 per diluted share, compared with revenue of $7.1 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share in Q1 2008. Sales of Other Music Related Products + Services were up 25% over the year-ago quarter, and up 22% from Q4 2008, to $1.011 billion total. That category includes iTunes Store sales, iPod services, and revenues from Apple and third-party iPod accessories. International sales accounted for 46 percent of the quarter’s revenue.

“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.

“Our outstanding results generated over $3.6 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00.”