Cupertino,
Calif. – Apple (NASD: AAPL) sold nearly 9
million iPhones during its fiscal first quarter ended Dec. 26, while iPod sales
fell 8% to 21 million as the company reported a 50% jump in profit and 32%
increase in revenue for the period. Apple posted a profit of $3.38 billion for
the quarter, while revenue hit $15.68 billion. While iPod sales were down for
the holiday shopping period, iPhone sales actually increased 100%
year-over-year.
The company attributed some of its positive results to a change
in the way it accounts for subscription revenues from iPhone and Apple TV
sales.
"If you annualize our quarterly revenue, it’s surprising that Apple
is now a $50+ billion company," said Apple CEO Steve Jobs.
"The new
products we are planning to release this year are very strong, starting this
week with a major new product that we’re really excited about," Jobs
added, referring to the expected introduction of a tablet PC by the company at
a media event in San Francisco tomorrow.
Related Links:
http://www.apple.com/pr/library/2010/01/25results.html
