Recession or not, Apple seems to be having a terrific 2009. After reporting record earnings in April and its best non-holiday quarter in July, the Mac maker has followed up with its "most profitable quarter ever."
Apple recorded $9.87 billion revenue, $1.67 billion net profit, and a 36.6% gross margin for the fourth quarter of its 2009 fiscal year, which ended on September 26. Here's how those numbers compare to past results:
|Revenue||$7.9 billion||$8.34 billion||$9.87 billion|
|Net profit||$1.14 billion||$1.23 billion||$1.67 billion|
As usual, Apple reminds everyone that GAAP accounting rules force it to report revenue on iPhones and Apple TVs "over their estimated economic lives." Disregarding that requirement, Apple would have reported $2.85 billion net income on $12.25 billion revenue.
Despite the generally shaky economic climate (and perhaps thanks to the latest MacBook Pro price cuts), Apple saw a whopping 17% rise in Mac unit sales compared to the same quarter a year ago. iPhone unit sales rose by 7% over the same time period, but iPod unit sales went down 8%. Hey, that iPhone growth has to come from somewhere. The shipment numbers break down like so:
|Macs||2.61 million||2.6 million||3.05 million|
|iPods||11.05 million||10.2 million||10.2 million|
|iPhones||6.89 million||5.2 million||7.4 million|
Apple CEO Steve Jobs comments in the press release, "We are thrilled to have sold more Macs and iPhones than in any previous quarter. . . . We've got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010." The company expects to see $11.3-11.6 billion revenue and $1.70-1.78 billion profit this quarter.