Apple records another record quarter -- $1.61B profit

Source: http://www.engadget.com/2009/01/21/apple-records-another-record-quarter-1-61b-profit/

Apple just announced its quarterly results, and it looks the brutal economy isn't bruising the fruit at all -- the company posted a record $1.61B profit on $10.17B in revenue. Adjusted to reflect the subscription accounting Apple uses for the iPhone and Apple TV, that's $2.3B of income on $11.8B of revenue. Sales were all strong -- Macs were up nine percent to 2.5M sold, iPods up three percent to 22.7M sold, and iPhones were up 88 percent to 4.3M sold. If you're keeping track, that means Apple's now sold well over 10M iPhone 3Gs on top of beating its goal of 10M total iPhones in 2008, which is pretty tremendous. Acting CEO Tim Cook and CFO Peter Oppenheimer are taking questions from analysts now, we'll let you know if anything interesting happens -- as you'd expect, the first question was "How's Steve?" and it got basically a non-answer.

2:18PM - After rattling off Apple's core goals and beliefs, Tim Cook said that "regardless of who is in what job, those values are so embedded in this company that Apple will do extremely well." Neither him or Peter would speak to succession plans or comment on Steve's health.

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Apple records another record quarter -- $1.61B profit originally appeared on Engadget on Wed, 21 Jan 2009 17:16:00 EST. Please see our terms for use of feeds.

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