Apple reports record quarterly results

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Apple reported its best quarterly results for the final quarter of 2008 and increased iPhones sales by 88 per cent during the period.

Quarterly iPhone sales were 4,363,000 while sales of iPods were a record level of 22,727,000 and Macintosh computer sales were 2,524,000.

Apple reported record revenue of $10.17 billion (£7.4 billion) compared to $9.6 billion in the same period last year. It also reported a record net quarterly profit of $1.61 billion compared with $1.58 billion. International sales made up 46 per cent of revenue in the quarter.

It said iPhone 3G sales have been significantly higher than the first generation handset. Sales in the quarter of the iPhone 3G launch reached 6.9 million units whereas first generation handsets only reached 6.1 million in the previous five quarters combined.

Apple chief executive Steve Jobs (pictured) said: “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.”

Apple chief financial officer Peter Oppenheimer said: “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.”

 

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