iPhones, Macs ... But Not iPods ... Fuel Stellar Q3 For Apple
July 21, 2009 at 4:29 PM (PT)
APPLE continued to seem recession-proof as it reported what the NY TIMES called a "robust third-quarter profit driven by unexpectedly strong sales of MACINTOSH computers and a burst in iPHONE purchases ... after the introduction of a new model, the 3GS. APPLE reported that its net profit jumped 15% to $1.23 billion, or $1.35 a share, up from $1.07 billion, or $1.19 a share, in the quarter a year ago. Quarterly revenue rose to $8.34 billion, from $7.46 billion last year.
APPLE sold 2.6 million MACS in the quarter ended JUNE 26th, up slightly from 2.5 million in the same quarter last year, credited to the JUNE release of a new line of MacBook Pro laptops. iPhone sales were up sevenfold from the 717,000 in the quarter a year ago.
"We're making our most innovative products ever and our customers are responding," APPLE CEO STEVE JOBS said in a statement. "We're thrilled to have sold over 5.2 million iPHONES during the quarter, and users have downloaded more than 1.5 billion applications from our App Store in its first year."
The only negative news coming from APPLE was iPod sales of 10.2 million, a 7% decline from the 11 million sold a year ago. Analysts say reflects a saturation of the market for mp3 music players as well as the migration of people to phones that play music.