Apple Releases Q4 Earnings Results
Bertrand Vasquez | Oct 19, 2009 | Comments 0
Apple just posted their Q4 figures. Things are looking excellent for the Cupertino-based company as they broke records this year. The company surpassed the predicted $9.4 billion revenue with $9.87 billion and a net quarterly profit of $1.67 billion. Earnings per share were $1.82. Apple’s own projection for Q4 was $1.23 a share and analyst projections were between $1.43 and $1.60 a share. Obviously, Apple surpassed all all of that.
Apple sold 3.05 million Macs, and 7.4 million iPhones. Sales of both increased by 17% and 7% respectively from last year. iPods on the other handhelds decreased by 8% with 10.2 million units sold. According to Peter Oppenheimer, Apple’s CFO, revenue grew by 12% and net income by 18% this full year.
As for 2010, Apple expects revenue to be between $11.3 billion and $11.6 billion. Earnings per share are expected to be in the $1.70 to $1.78 per share range.
Oh, and according to Steve Jobs, Apple’s “got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.” And by great products next year, could he possibly mean the ’iTablet’?
Filed Under: Miscellaneous
