Page last updated at 23:37 GMT, Wednesday, 21 January 2009

Apple posts best quarterly profit

Apple iPhone
Apple sold 88% more iPhones than in the same quarter the previous year

Apple has posted strong quarterly results that beat analysts' expectations and proved the company's resilience to the economic downturn.

The technology giant made a record net profit of $1.61bn (1.15bn) and posted record revenue of $10.7bn for the quarter to the end of December.

Apple sold more than 22 million iPods and more than four million iPhones.

But the company warned that revenue could fall significantly in the first three months of 2009.

For the same quarter the previous year, Apple's profit was $1.58bn and its revenue was $9.6bn.

It was a great quarter and better than most people expected
Yair Reiner
Oppenheimer

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history - surpassing the $10bn in quarterly revenue for the first time ever," said Apple boss Steve Jobs.

Increased sales

The company saw sales increase right across its main product ranges.

It sold 2,524,000 Macintosh computers during the three months, up 9% on the last three months of 2007.

It also sold 22,727,000 iPods, 3% up on the previous year's quarter.

Finally, it sold 4,363,000 iPhones, 88% more than in the final quarter of 2007.

However, Apple expects revenue to fall significantly over the next three months.

"Looking forward... we expect revenue in the range of about $7.6bn to $8bn," said Peter Oppenheimer, Apple's chief financial officer.

"It was a great quarter and better than most people expected," said Yair Reiner, analyst at Oppenheimer.

The results come after reports that Apple faces a review by the US Securities and Exchange Commission to check that its recent disclosures about Steve Jobs's health did not mislead investors.

Print Sponsor


SEE ALSO
Apple to end music restrictions
07 Jan 09 |  Technology
Apple's Jobs admits poor health
05 Jan 09 |  Technology
Apple profits up on iPhone sales
21 Oct 08 |  Business
Google takes on Apple in mobile
23 Sep 08 |  Technology
Apple bosses settle share lawsuit
11 Sep 08 |  Business
Getting at Apple's core problems
05 Aug 08 |  Technology
Apple sees profits beat forecast
21 Jul 08 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific