Apple posts record quarterly revenue


Steve Jobs claims victory over RIM after Apple posts record revenue and earnings and 14 million iPhone sales in Q4

Apple saw revenue and income reach record levels during the fourth quarter of its 2009/10 financial year, as iPhone sales during the quarter increased 91 per cent year-on-year to 14.1 million and iPad sales topped four million.

Revenue increased from $12.2 (£7.7) billion to $20.3 (£12.8) billion during Q4, 57 per cent of which was generated from international sales, while earnings increased from $2.5 (£1.6) billion to $4.3 (£2.7) billion.

Apple chief executive officer Steve Jobs (pictured) said both results are all-time records for the technology giant, adding: “iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 million phones Research In Motion sold in their most recent quarter.

“We still have a few surprises left for the remainder of this calendar year.”

Apple chief financial officer Peter Oppenheimer said the company predicts earnings of $23 billion in the first quarter of the 2010/11 financial year.

For the full-year to September 25, against the previous full-year to September 26, 2009, Apple saw revenue increase from $42.9 billion to $62.2 billion, with earnings for the 12-month period up from $8.2 billion to $14 billion.