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Apple reports record quarter- some notes...

Apple have reported another record quarter, with $1.61 billion profit for Q1 2009. Revenue was a record breaking $10.17 billion, half a billion higher than the same quarter in 2008. Cash and short term investments stood at a staggering $28 billion, up $3.6 billion in the quarter.

Here are a few points we noted from the financial conference call:

  • 2.5 million Macs were sold in the quarter, 9% higher than Q1 2008
  • Desktop sales declined by 25%
  • iPod sales grew by 3%
  • Apple sold 13.7 million iPhones in 2008- well ahead of the 10m target
  • iPhones sales in the quarter accounted for $2.6 billion
  • Apple retail stores attracted 4.6 million visitors in the quarter
  • They plan to open 25 new stores in 2009- over half outside of the US
  • Apple TV sales three times larger than Q1 2008
  • US growth was only 2%- 16% growth for international sales

For more information please see our Apple Financials guide.
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