What Downturn? Apple Has Best Non-Holiday Quarter Ever, Though iPod Sales Slip
12:46 pm, July 21st, 2009, Lonnie Lazar
Despite worldwide economic recession, Apple enjoyed its best non-holiday quarter ever in its 2009 third quarter ended June 27, 2009, the company said on Tuesday.
Apple made a whopping $1.23 billion profit on revenues of $8.34 billion. The gobs of cash came from robust sales of 2.6 million Mac computers (up 4% from last year thanks to a MacBook refresh in the quarter), and blockbuster sales of the iPhone 3GS, which sold 5.2 million units, up an unbelievable 620% from a year ago.
This when other tech companies companies like Nokia are tanking.
“We’re making our most innovative products ever and our customers are responding,” said Steve Jobs in a statement.
Other highlights:
- the traditional iPod is on the way out. Apple sold 10.2 million iPods during the quarter, down 7% from a year-ago. The market is saturated and customers are buying iPhones instead.
- Gross margin was an amazing 36.3 percent, up from 34.8 percent in the year-ago quarter. (Dell makes about 5% margins on its products).
- The iPhone 3GS and $99 iPhone are a huge hit. Apple shifted 5.2 million iPhones during the quarter, up 626% from a year ago.
- Apple is a truly international. Overseas sales accounted for 44% of the quarter’s revenue. This will jump when the iPhone goes on sale in China later this year.
Apple’s full unaudited financial statement after the jump.
Posted by Lonnie Lazar in Apple, News | Comment on this article
The funny thing, is that after all those years of talk about the iPod killer it turns out that the iPod killer is now upon us and is called the iPhone.
martini, on July 21st, 2009 at 8:49 pm
There are unconfirmed reports that Microsoft COO Kevin Turner called Apple’s legal team demanding that the stop running away with MS’s market share. He also demanded that they stop the “Get a Mac” ads, citing their success. Unconfirmed, of course.
thanx_al, on July 22nd, 2009 at 5:38 am