Apple Reports $1.67 Billion Profit
Posted 10/19/2009 at 1:53pm
| by Roberto Baldwin
Apple reports that its fiscal 2009 fourth quarter was its most profitable quarter ever.
They posted revenue of $9.87 billion with a net profit of $1.67 billion. The profit breaks down to $1.82 per diluted share.
Apple reports that it sold 3.05 million Macs during the quarter, a 17 percent increase over the same quarter a year ago. iPhones flew off the shelves to the tune of 7.4 million units sold, a 7 percent increase over the same quarter last year. Only 10.2 million iPods were sold, an 8 percent decrease from the same quarter last year.
“We are thrilled to have sold more Macs and iPhones than in any previous quarter,” said Steve Jobs, Apple’s CEO. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”
AAPL shot up to 7.11 percent in after-hours trading.