Archive notice: This article was originally published on January 21, 2009. Links and embedded videos are preserved as part of the historical record.
In the year-ago quarter, revenue was $9.6 billion and net profit was $1.58 billion, or $1.76 per diluted share. Gross margin was 34.7 percent, exactly the same as in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue.
In accordance with GAAP accounting requirements, the company recognises revenue and cost of goods sold for iPhone and Apple TV over their economic lives. To eliminate this effect, GAAP revenue and product costs are adjusted; the corresponding non-GAAP figures* for the quarter were therefore $11.8 billion in “adjusted revenue” and $2.3 billion in “adjusted net profit”.
Apple shipped 2,524,000 Macintosh computers during the first quarter of fiscal 2009, representing nine percent unit growth over the year-ago quarter. It sold 22,727,000 iPods during the quarter, three percent more than in Q1 2008. Apple sold 4,363,000 iPhones during the quarter, 88 percent more than in the comparable year-ago period.
“Especially against the backdrop of challenging economic times, we are extremely pleased to have achieved the best quarterly revenue and profit in Apple’s history—we exceeded $10 billion in quarterly revenue for the first time,” said Steve Jobs, Apple’s CEO.
“Our outstanding results generated an additional $3.6 billion in cash during the last quarter,” added Peter Oppenheimer, Apple’s CFO. “We expect revenue of between $7.6 billion and $8 billion, and diluted earnings per share of between $0.90 and $1.00.”
