Apple reveals impressive Q1 financials


Downturn? What downturn? Apple has reported revenues of $8.16 billion for the first quarter of 2009, up 8.7% year-on-year. Meanwhile, its net profits rose 15.2% to $1.05 billion in the same period.The company sold 11.01 million iPods during Q1 – up 3% year-on-year – and sold 3.79 million iPhones, which is a whopping increase of 123% over Q1 last year. In a subsequent analyst call, COO Tim Cook said that iPod touch sales have “more than doubled year over year”, and that sales of the touch AND iPhone now total around 37 million units.There were no figures on music sales through the iTunes Store, with Apple saying it’s too early to assess the impact of going fully DRM-free.

Music Ally

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