Apple Posts Best Q4 Quarter Ever With 47 Percent Jump In Profits

Apple Inc.’s financial results for the fourth quarter from July to September 2009 have reached a new pinnacle, as the company once again blew past the Wall Street’s expectations and posted an incredible 47 percent hike in the profits.

In what is being referred to as Apple’s strongest quarter ever, the company posted revenues worth $9.87 billion, with the total profits were clocking to the tunes of some $1.67 billion.

The results were well above the figures posted by Apple for the same period last year (revenues of $7.9 billion and profits of $1.14 billion) and ended the financial year, a period in which the company has managed to increase its sales figures by a noticeable 12 percent, despite of a year-over-year decline in the iPod shipments.

Touting the company’s sales figures and promising an emphatic product line-up ahead, Peter Oppenheimer, Apple’s chief financial officer, said “We are thrilled to have sold more Macs and iPhones than in any previous quarter”.

“We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010”, he added.

The company sold around 3.1 million Mac computers during the quarter, registering an impressive 19 percent growth from the same period a year ago.

While the iPhone sales further grew by seven percent to reach a figure of 7.4 million handsets, the iPod sales saw a notable decline of 8 percent in its sales with around 10.2 million units sold during the period.

Our Comments

Apple manage to surpass the $200 barrier just before the market opened, posting an impressive 5.73 percent and should single-handedly helping the NASDAQ perform much better. We have yet to crunch the numbers and see which parts of Apple outperformed and which ones underperformed.

Related Links

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Apple's Profit Rises Despite Drop in iPod Shipments

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