Apple reports most profitable quarter ever
Apple has announced revenues of $9.87 billion and net profits of $1.67 billion for its fiscal fourth quarter – up from $7.9 billion and $1.14 billion year-on-year respectively.
The company sold 7.367 million iPhones during the quarter, with half a billion apps downloaded from its App Store in the three-month period. Meanwhile, the company sold 10.177 million iPods – down 8% year-on-year, although sales of the top-end iPod touch doubled in that period.
Apple didn’t break out any iTunes Store figures, other than to say that it had a “strong” quarter, and now has a catalogue of more than 11 million songs. But it’s iPhone that’s making Apple feel bullish: “Frankly, I think people are trying to catch up with the first iPhone two years ago,” said COO Tim Cook. “We’ve long since moved beyond that.”
October 20th, 2009 at 11:37 am
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October 20th, 2009 at 11:43 am
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October 20th, 2009 at 1:24 pm
Okay, okay, here is the solution to our financial mess in the U.S. Let’s start a “cash for clunkers” program in which we take the 100 most miserable banks, disable their engines and transmissions, and buy 100 new Apples! It would stimulate the economy for sure and get rid of some of the most unsightly operations blighting our landscape.
Ron D