Tech content trusted by users in North America and around the world
5,683 Reviews & Articles | 36,168 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Apple Revenue Soars Despite Poor Economy

Best March revenue and earnings ever

| Business, Financial & Legal News | Posted: Apr 23, 2009 4:46 am

Apple just posted its financial results for the second quarter of 2009 and it appear Apple is one of the few companies that are beating the recession.


Apple Revenue Soars Despite Poor Economy


Apple posted revenue of $8.16 billion and a net quarterly profit of $1.21 billion. That works out to be $1.33 per diluted share. Compared to last year, both revenue and profit were higher making this Apple's best March quarter in the history of the company.


Apple success can easily be attributed to its continued success with the iPod and iPhone. The iPod sold 11.01 million units during the quarter which is a 3% growth. However the big winner is the iPhone which sold 3.79 million units which represents a 123% growth over the same quarter last year.


"We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," said Peter Oppenheimer, Apple's CFO. "Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet. Looking ahead to the third fiscal quarter of 2009, we expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00."


Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below