Apple sells 8.7m iPhones in Q1

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Apple has doubled the amount of iPhones it sold in the first quarter of its financial year ended December 26, 2009 compared with the same quarter in the previous year.

It sold 8.7 million iPhones in the period and 21 million iPods, of which the iPod sales marked an eight per cent decline in sales year-on-year.

Apple reported revenue of $15.68 billion (£9.72 billion) compared with $11.88 billion year-on-year and net quarterly profit of $3.38 billion compared with $2.26 billion.  International sales accounted for 58 per cent of the quarter’s revenue.

Apple chief executive Steve Jobs said: “If you annualize our quarterly revenue, it’s surprising that Apple is now a $50 plus billion company.

“The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”

Apple chief financial officer Peter Oppenheimer said: “We are very pleased to have generated $5.8 billion in cash during the quarter.

“Looking ahead to the second fiscal quarter of 2010, we expect revenue in the range of about $11.0 billion to $11.4 billion and we expect diluted earnings per share in the range of about $2.06 to $2.18.”

 

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