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Business

Record iPod sales boost Apple results

Latest update : 2009-01-22

Apple appeared unfazed by the global economic crisis as it announced record quarterly profits, with revenue in excess of 10 billion dollars for the first time in the company's history. Apple sold 22.73 million iPods, an all-time high.

AFP - Apple on Wednesday reported it finished 2008 with record quarterly profit of 1.61 billion dollars, with iPod sales hitting an all-time high.
  
The iconic California company posted revenue of 10.17 billion dollars in the three months ending December 27, 2008 and declared quarterly earnings of 1.78 dollars per share.
  
Analysts had forecast Apple earnings of 1.29 dollars per share for the quarter.
  
The results topped the profit of 1.58 billion dollars, or 1.76 dollars per share, seen by the firm in the same quarter a year earlier.
  
"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history -- surpassing 10 billion dollars in quarterly revenue for the first time ever," Apple chief executive Steve Jobs said in a written release.
  
Apple reported selling 2.52 million Macintosh computers during the quarter, representing nine percent growth over the year-ago quarter.
  
Apple said it sold a record 22.73 million iPods during the quarter, representing three percent unit growth over the year-ago quarter.
  
Quarterly iPhone units sold were 4.36 million, representing an 88 percent jump from sales in that quarter of 2007.

Date created : 2009-01-22

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