Apple profits soar thanks to iPhone

Tuesday 20th October 2009

Apple profits have soared by 47 per cent as iPhone sales have rocketed.

Today's figures from the Californian-based company beat forecasts and saw shares surge to an all-time high.

The iPhone was sold to 7.4 million consumers, while the sale of Apple Macs rose 17 per cent on a year ago, accounting for 3.05 million sales.

"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."

Shares in the company rose more than six per cent in after-hours trading. Sales of the iPod were down eight per cent, in part due to the inclusion of the device in the iPhone.

"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 per cent and net income by 18 per cent 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."
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