Apple today announced financial results for its fiscal 2009 fourth quarter ended September 26, 2009. The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue.
Analysts consensus’ expectations called for EPS of $1.42 on $9.2 billion revenue.
In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone and Apple TV over their estimated economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures for the quarter are $12.25 billion of “Adjusted Sales” and $2.85 billion of “Adjusted Net Income.”
Apple sold 3.05 million Macintosh computers during the quarter, representing a 17% unit increase over the year-ago quarter. The Company sold 10.2 million iPods during the quarter, representing an 8% unit decline from the year-ago quarter. Apple sold 7.4 million iPhones in the quarter, representing 7% unit growth over the year-ago quarter.
“We are thrilled to have sold more Macs and iPhones than in any previous quarter,” said Steve Jobs, Apple’s CEO, in the press release. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”
“We are delighted with our September quarter and fiscal 2009 results,” said Peter Oppenheimer, Apple’s CFO, in the press release. “For the full year, we grew revenue by 12 percent and net income by 18 percent in extraordinarily challenging times. Looking ahead to the first fiscal quarter of 2010, we expect revenue in the range of about $11.3 billion to $11.6 billion and we expect diluted earnings per share in the range of about $1.70 to $1.78.”
UPDATE, 4:48pm EDT: In after-hours trading, Apple is currently up $16.07, or 8.55%, to $204.12.
MacDailyNews Note: Stay tuned for live notes from Apple’s Q4 2009 financial results conference call, beginning at 5pm EDT today.
“We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”
Let the speculation begin. Or at least the tablet rumors! I’m on board…
Chuffin’ Nora, that’s amazing. I feel some new stuff tomorrow.
Outstanding, no other.
This pleases me greatly.
Keep up the excellent work Apple!
Now that’s what I call rounding
Can we please now put the myth that AAPL always drops after earnings to rest?
Strong holliday lineup … WHERE ARE THE NEW iMACS and BOOKs and MINIs ?!?!?! Really, I have to wait till next year 🙁 Wahhhhhhhhhhh!!!!!!!!!!!
They’ll make even more $$$$ if (it’s taking way too long!) they finally release the new iMac, depending on specs of course.
I’ve been drooling itching and slobbering to buy one, 24″ beautiful bigness, finally get a good desktop screen, been squinting at iBook G4 for 4 1/2 years.
A little scary, maybe should wait for 2010, sounds like a blockbuster year.
IT IS A ROUNDING ERROR!!!!
SB
Watch the Microsoft fanboys cling to that but about declining iPod sales.
They’ll try to attribute that to the Zune HD, rather than the iPhone, which is the real reason for this.
Let the chair-throwing begin!
wooHoo! baby’s gonna get a brand new pair of shoes!
Bit, not but. Sorry. Blame the iPhone for that too.
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WOW, JUST FREAKIN’ WOW! Don’t know what else to say. So much for the Cramer’s theory that it would tank and people would buy tomorrow on the dip. LOL
A nice big fsck you to all the naysayers.
Well done Apple. Simply brilliant.
@AAPL owner
Well, that wasn’t so much a myth as it was, generally, a sad reality for quite some time. It seemed to be a reaction to Apple’s typical conservative guidance not matching up with analysts’ bizarrely over-optimistic guidance estimates. I think we have the recession to thank for taking a lot of volatility out of Apple’s stock, along with new SEC attention on some of the nasty profit-taking that could go on by those trying to game the system.
The last several earnings reports have been accompanied by a more rational stock reaction, with AAPL seeing gains on its good news. So, hopefully, that irrational trend we used to see is gone for good.
Mac sales did amazingly well. It may be the first time the percent growth in Mac unit sales (17%) beat the iPhones number (7%), for any quarter compared to year-ago quarter.
After hours trading for AAPL approaching $204…!
Impossible, Microsoft, Nokia, Motorola, Palm, RIM, they all said that nobody can have a good quarter because of the world crisis… how come???? (sarcasm)
Now that is snappy. My oh my. I almost sold at 180. What was I thinking?
Bend over Microsoft. Bend over.
Who’s round ass are you talking about now Ballmer? LOL
i am still sick i sold my shares some time ago.
One word: WOOT!
OK, dark lining to this silver cloud: the iPhone unit growth was not impressive. Really, 7% growth in the fast-growing smartphone market could mean that they actually LOST market share. (Anyone have the overall smartphone growth stats for last quarter?) The iPod numbers were expected, while the Mac numbers were spectacular of course. Hopefully, the iPhone roll out in China will goose the iPhone growth numbers soon.
Go Apple!!