Apple's First Quarter Results Are In--And Things Are Looking Up!
Posted 01/25/2010 at 3:09pm
| by Cory Bohon
Today, Apple announced the first quarter results for 2010, and they're reporting an all-time revenue high.
According to the report, 33.36 million Macs were sold during the quarter ending December 26th. This is a 33% increase from the year prior. They sold 8.7 million iPhones, an astonishing 100% unit increase from the same quarter in 2008.
In addition, Apple has adopted new Financial Accounting Standards Board (FASB) amended accounting standards relating to sales of iPhone and Apple TV.
“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.”
Apple's investor phone call was scheduled for January 25th at 2:00PST/5:00EST and can be listened to on Apple's website. You can access the full financial documents and report by clicking here.