Apple Reports $1.61 Billion Profit for Q1 2009

[rdowns]

$10.2 billion revenue just reported on CNBC.

$1.78 earnings per share!!!!

2.524 million Macs sold

4.4 million iPhones sold

22.7 million ipods sold

34.7% gross margins

[Peace]

Low expectations for Q2 though.

7.5-8 Bln.

[MacRumors]

Apple today announced financial results for the first quarter of fiscal 2009. Apple posted record revenue of $10.17 billion and net quarterly profit of $1.61 billion, or $1.78 per diluted share, compared to revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, equal to the year-ago quarter, and international sales accounted for 46 percent of the quarter's revenue. Apple also generated $3.6 billion in cash during the quarter. The results constitute the best quarterly revenue and earnings in Apple's history.

Using non-GAAP data, which eliminates subscription-based accounting for the iPhone and Apple TV, Apple would have had $11.8 billion revenue and $2.3 billion of net income.

Apple shipped 2,524,000 Macintosh computers during the quarter, representing 9 percent unit growth over the year-ago quarter. The company also sold 22,727,000 iPods during the quarter, representing 3 percent unit growth over the year-ago quarter and a company record. Quarterly iPhone units sales reached 4,363,000 up 88 percent from the year-ago-quarter.

Article Link: Apple Reports $1.61 Billion Profit for Q1 2009

[Tallest Skil]

Hey, cool. Screw you, economic downturn!

[SwiftLives]

Holy snap. That's impressive.

As long as Apple is realistic about expectations for 2009, they should be okay, stockwise.

And Apple usually plays projections verrrrry conservatively.

[jayducharme]

Apple's stock price closed up almost 6% for the day. Something must be wrong

[Cheffy Dave]

bought 100 shares at $80.00, go Apple

[amac4me]

A growth slowdown is clearly inferred via these numbers.

[Unspeaked]

Originally Posted by jayducharme

Apple's stock price closed up almost 6% for the day. Something must be wrong

It's up another $8 after hours...

[liven2]

I am thrilled to see such amazing numbers!!! I do not think a single analysist out there had predicted those kinds of results!! NOw watch the Stock tumble... Seems like everytime they have a great quarter the Stock falls like 10%...

I just check after hours trading and amazingly enough>>> it is up! I wonder how long that will last.

Apple is doomed!!

[iMacmatician]

Whoa, that's very good. Hopefully Apple can keep things up.

[nagromme]

I wonder what the total installed user base of OS X systems is now... that it, systems you can develop for with Xcode: Macs, iPhones, and iPod Touches.

Probably a massive number--I think I'll learn Xcode

(You could count AppleTV in the OS X base too I suppose.)

[dongmin]

Originally Posted by Peace

Low expectations for Q2 though.

7.5-8 Bln.

Stocks are gonna get hit...

But a solid quarter. Congrats on the momentum.

[rdowns]

AAPL up $6.98 in after hours.

[errol]

Go Apple!!!!

:cramer voice: buy buy buy :/cramer voice:

[ncbill]

"fiscal 2009 first quarter ended December 27, 2008"

might want to clarify this is for calendar 4th quarter 2008

[Blue Velvet]

But paradoxically, the greater the success, the greater it's personally meaningless to me if Apple are incapable of actually manufacturing something I want to buy.

[BRLawyer]

Originally Posted by liven2

I am thrilled to see such amazing numbers!!! I do not think a single analysist out there had predicted those kinds of results!! NOw watch the Stock tumble... Seems like everytime they have a great quarter the Stock falls like 10%...

I just check after hours trading and amazingly enough>>> it is up! I wonder how long that will last.

Apple is doomed!!

Apple continues to defy reality with such amazingly positive numbers in REAL ECONOMY terms, even if the US is in a financial disaster for now...good that the rest of the world is keeping the company MORE than in the good shape.

In summary, Apple is THE BEST, RICHEST AND STRONGEST IT COMPANY IN THE WORLD!

Where the hell are the PC lovers that populate this forum now? Where are the genius analysts? Any "pundits" to respond? THIS IS APPLE! THIS IS QUALITY! LET'EM HAVE A LITTLE BIT OF APPLE CROW NOW!

[rdowns]

As an investor, I'm very thankful that the public doesn't seem to share your opinion, BV.

As a fanboy, I'm not thrilled with their lineup.

I can't recall AAPL going up after hours after any recent earnings announcements.

[jholzner]

Originally Posted by Blue Velvet

But paradoxically, the greater the success, the greater it's personally meaningless to me if Apple are incapable of actually manufacturing something I want to buy.

It would seem they ARE capable of manufacturing stuff a lot of other people want to buy. I think Apple is safe if it doesn't build what you personally want to buy...at least from these numbers.

[gnasher729]

My favorite related post a few days ago:

if they don't post a loss in this climate and in that sector it will be pretty amazing really

[rdowns]

Conference call starts at 5pm ET.

http://www.apple.com/quicktime/qtv/earningsq109/

[Unspeaked]

Originally Posted by BRLawyer

Apple continues to defy reality with such amazingly positive numbers in REAL ECONOMY terms, even if the US is in a financial disaster for now...good that the rest of the world is keeping the company MORE than in the good shape.

Do you really think that the rest of the world is just fine and dandy, economically speaking?

Originally Posted by gnasher729

My favorite related post a few days ago:

That's pretty sad, as even the most dire analyst predictions had them making quite a bit of money...

[dongmin]

For everyone out there advocating Apple release a $400 netbook, this is why Apple will never release a $400 PC:

Originally Posted by MacRumors

Gross margin was 34.7 percent, equal to the year-ago quarter

The margin is pretty staggering. I know certain PC makers did better in terms of market share but I don't think anyone can come close to these margins.

[rdowns]

CNBC reported that 46% of revenue was outside the US.

Now up $11.50 after hours.