Apple rockets to most profitable quarter ever

24 Comments

New Parallels Desktop 5 for Mac. $15 discount!“Apple Inc. rocketed to its most profitable quarter ever over the holidays, as huge sales of the iPhone and Macintosh computers led to a nearly 50 percent jump in net income,” Jordan Robertson reports for The Associated Press.

“Apple also offered a profit and revenue forecast above Wall Street forecasts,” Robertson reports. “Apple said Monday it earned $3.4 billion, or $3.67 per share, in the latest quarter, which ended Dec. 26. In the same period of 2008, had the same accounting standards been in place, it would have had net income of $2.3 billion, or $2.50 per share. Revenue was $15.7 billion, a 32 percent jump from $11.9 billion in the same period last year.”

Robertson reports, “Apple said it expects the current quarter, the second in its fiscal year, to yield earnings of $2.06 to $2.18 per share, with revenue of $11.0 billion to $11.4 billion. Analysts had been predicting profit of $1.77 per share and revenue of $10.4 billion in the current quarter, according to Thomson Reuters.”

Full article here.

24 Comments

  8. The nastiest barbs I read had to do with actual sales of iPhones in the past quarter, which were below the $treet’s consensus estimates, which the analysts arrived at by anatomic extraction after ingesting vast quantities of distilled spirits and Peruvian Marching Dust.

    When I look at operating income (income from actual operations), Apple knocked it out of the yard. I look at earnings from operations, and cash growth far more than anything else. To me, other figures are not anywhere near as important. If the company’s margins, cash position and earnings from operations are all growing, and if long-term debt (of which Apple has none) is either declining or nonexistent (like Apple) these are indicators of a healthy company.

    That is all you need to know.

    Reply

  12. But Windows 7 is still doing well, isn’t it? I mean… (sniff) Microsoft will be okay, won’t it? (lips quivering…)

    We won’t have to put Microsoft down, will we? They’ll be okay, won’t they? (sniff, sniff…) They’re just resting really really quietly, aren’t they?

    Reply

  17. Analysts will find something about which to complain in an attempt to justify why their guesses were wrong. If it doesn’t exist, then a number of people have demonstrated their willingness to grossly exaggerate, mislead, and/or fabricate.

    In this instance, Apple not only crushed the consensus estimates for 1Q10, but *also provided upside guidance* for 2Q10. That’s a rarity. Apple historically lowballs expectations.

    I can’t wait to find out how analysts will spin Apple’s latest numbers in order to take profits, drive the price down, and ride it back up yet again.

    Reply

  22. “Apple Inc. rocketed to its most profitable quarter ever…”

    This is APPLE WEEK.

    Apple PWNs this week.

    Nothing this week, not even the US State of the Union address, is KEWLER than Apple.

    If Apple were any kewler this week we’d have to wear parkas.

    If Apple’s future were any brighter we’d have to wear shades.

    Apple is so totally, awesomely, excellently, bodaciously, auspiciously RADI-KEWL I can feel the love all the way over in New York! <3 <3 <3
    ;-D

    Reply

  23. During the quarter I purchased a new MacPro Quad Core, new Dual Band Airport Extreme Base Station, an iPhone 3GS and the new BT Mouse. On the SW side iWork 09, updated Bento (FileMaker is a sub), & upgraded from Logic Express to Pro.
    All great stuff well worth the money.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.