Apple Releases Q4 Earnings Results

October 19th, 2009 Posted in Miscellaneous by Bertrand

Apple Logo

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’?

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