Apple posts most profitable quarter in history with over 3 million in Mac sales

Apple today announced its financial results for the fourth fiscal quarter of 2009, and the results, like clockwork, exceeded analyst expectations once again

Apple today announced its financial results for the fourth fiscal quarter of 2009, and the results, like clockwork, exceeded analyst expectations once again. Over the quarter gone by, Apple reported earnings per share of $1.82, nearly 40 cents higher than what analysts were expecting, and impressively, 20 cents higher than the "whisper numbers" leading up to today's earnings release. Overall, Apple posted a quarterly profit of $1.67 billion on revenue of $9.87 billion, which represents the most profitable quarter in Apple history Playing a key factor in Apple's impressive quarter were equally impressive and record breaking Mac sales. Most analysts anticipated that Apple would sell anywhere between 2.5 and 2.8 million Macs for the quarter gone by, but Apple reported that it sold 3.05 million Macs during the quarter, representing a 17% increase from the same quarter a year-ago and equaling the most Macs Apple has ever sold in any one quarter in its entire history. The fact that Apple was able to post record breaking profits and Mac sales in the midst of a recession highlights just how resilient Apple's brand is in an extremely unfavorable economic envirnoment. And, it should be noted, that the number of Macs sold during the past quarter were the highest ever by over 440,000 units. So Apple's Mac sales during the last quarter didn't just set a sales record, it eclipsed the previous record by a significant margin. Also contributing to Apple's bottom line were sales of 7.4 million iPhones, which represents a 7% increase from the same quarter a year-ago. What's scary is that this figure could have been a lot higher, but Apple had a tough time this past quarter keeping up with worldwide demand that exceeded even its own expectations. Tim Cook stated during Apple's earnings conference call that iPhone supply was short almost everywhere, but also conceded that it's a good problem to have. iPod sales, meanwhile, didn't fare so well, with Apple selling 10.2 million units, which represents a decline of 8% from the same period last year. While analysts might point to this decline as proof that Apple is struggling to maintain Pod sales, Apple's margins on its hardware and on the iPhone are far higher than what it earns via iPod sales, so there shouldn't be much cause for concern. Looking forward, Apple may have some more record breaking quarters just around the corner. The current quarter includes the holiday shopping season, and with Apple poised to introduce revamped iMacs and MacBooks any time now, Apple is undeniably firing on all cylinders.

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