Apple today announced financial results for its
fiscal 2009 fourth quarter ended September 26,
2009. The Company posted revenue of $9.87 billion
and a net quarterly profit of $1.67 billion, or
$1.82 per diluted share. These results compare to
revenue of $7.9 billion and net quarterly profit
of $1.14 billion, or $1.26 per diluted share, in
the year-ago quarter. Gross margin was 36.6
percent, up from 34.7 percent in the year-ago
quarter. International sales accounted for 46
percent of the quarter’s revenue.
In accordance with the subscription accounting
treatment required by GAAP, the Company
recognizes revenue and cost of goods sold for
iPhone and Apple TV® over their estimated
economic lives. Adjusting GAAP sales and product
costs to eliminate the impact of subscription
accounting, the corresponding non-GAAP measures
for the quarter are $12.25 billion of “Adjusted
Sales” and $2.85 billion of “Adjusted Net Income.”
Apple sold 3.05 million Macintosh® computers
during the quarter, representing a 17 percent
unit increase over the year-ago quarter. The
Company sold 10.2 million iPods during the
quarter, representing an eight percent unit
decline from the year-ago quarter. Apple sold 7.4
million iPhones in the quarter, representing
seven percent unit growth over the year-ago
quarter.
“We are thrilled to have sold more Macs and
iPhones than in any previous quarter,” said Steve
Jobs, Apple’s CEO. “We’ve got a very strong
lineup for the holiday season and some really
great new products in the pipeline for 2010.”
“We are delighted with our September quarter and
fiscal 2009 results,” said Peter Oppenheimer,
Apple’s CFO. “For the full year, we grew revenue
by 12 percent and net income by 18 percent in
extraordinarily challenging times. Looking ahead
to the first fiscal quarter of 2010, we expect
revenue in the range of about $11.3 billion to
$11.6 billion and we expect diluted earnings per
share in the range of about $1.70 to $1.78.”