Notices
All Things Apple The Teamspeed Genius Bar!
Enter here to discuss your Apple products including iPhone, iPod, MacBooks and more!

Apple Q1 Profits - All-time high

Thread Tools
 
Search this Thread
 
Old Jan 25, 2010 | 06:11 PM
  #1  
Simba's Avatar
Thread Starter
|
Banned
Joined: Jan 2008
Posts: 3,264
Simba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond reputeSimba has a reputation beyond repute
Apple Q1 Profits - All-time high

Today is the day that Apple’s Q1 ‘10 financials are released, and the company has delivered an all-time highest revenue and profit.

Here are the details:

* Revenue of $15.68 billion (year-ago quarter $11.88 billion)

* Net quarterly profit of $3.38 billion (year-ago quarter $2.26 billion)

* 3.36 million Macs sold, representing a 33 percent unit increase over the year-ago quarter, representing 70% year on year growth in desktop sales (record Mac sales)

* 8.7 million iPhones in the quarter, representing 100 percent unit growth over the year-ago quarter (record iPhone sales)

* 21 million iPods during the quarter, representing an 8% unit decline from the year-ago quarter, first holiday quarter drop

* iPod still top selling music player, and still gaining share internationally

* iPod touch still managed 55% year on year growth

* Gross margin was 40.9%, up from 37.9% in the year-ago quarter

* International sales accounted for 58% of the quarter’s revenue

* Generated $5.8 billion in cash during the quarter, total cash $39.8 billion

* Record quarter for iTunes store

* Retail store sales increased 13% year on year

* Around half of Macs sold are to first-time Mac owners

* 70% of Fortune 500 companies deploying or piloting iPhone

* Over 200,000 activated iPhones in China since beginning of November 09

* Apple also chosen to adopt the Financial Accounting Standards Board’s amended accounting standards, which will affect how the company accounts for certain products, in particular the iPhone and Apple TV - this has left analysts and pundits scrambling since no heads-up was given in advance (I’ll let someone else explain that all to you!)

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO. “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.”
In the middle of a recession, no less. Looks like they're doing something right.

More here.
 
Old Jan 25, 2010 | 06:12 PM
  #2  
TUUNER's Avatar
Teamspeed Pro
Joined: Jan 2008
Posts: 5,995
From: OC
TUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond reputeTUUNER has a reputation beyond repute
Wow!!!
 
Old Jan 26, 2010 | 03:51 AM
  #3  
Bronto's Avatar
Teamspeed Pro
Joined: Oct 2007
Posts: 5,092
From: Gothenburg, Sweden
Bronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond reputeBronto has a reputation beyond repute
$$$$$$! They are doing it all right!
 
Old Jan 26, 2010 | 06:51 AM
  #4  
Montana's Avatar
Teamspeed Senior Member
Joined: Dec 2009
Posts: 545
From: Houston
Montana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond reputeMontana has a reputation beyond repute
WOW!

That amount of revenue is amazing.

They aren't quite microsoft yet

(50b revenue, 16.8% net profit compared to 60b revenue and 27.6% net profit margin)

But they are certainly catching up.
 
Old Jan 26, 2010 | 05:00 PM
  #5  
4Wheels's Avatar
Teamspeed Pro
Joined: Nov 2007
Posts: 5,076
From: 51.933° N, 4.583° E
4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute4Wheels has a reputation beyond repute
Ka-ching! Well deserved.
 
Old Jan 26, 2010 | 05:06 PM
  #6  
tractorcrusher's Avatar
Teamspeed Pro
Joined: Jan 2008
Posts: 5,659
From: Plano, TX
tractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond reputetractorcrusher has a reputation beyond repute
Simba, how closely do you work with Apple? Not being sarcastic or anything, but it seems like you know enough about the inside consistently (beyond what has been published publicly).
 
Old Jan 26, 2010 | 05:41 PM
  #7  
alwin's Avatar
Teamspeed Pro
Joined: Feb 2008
Posts: 1,179
From: San Francisco | Jakarta | Taipei
alwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond reputealwin has a reputation beyond repute
Is the stock trading 12x book value alrdy?
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
ArmyTrix_F1_Exhaust
McLaren
1
Apr 29, 2014 10:23 PM
Marc
All Things Apple
59
May 20, 2012 10:24 AM
Marc
Miscellaneous
0
May 26, 2011 07:21 AM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 



All times are GMT -4. The time now is 12:35 PM.