Apple Reports $1.67 Billion Quarterly Profit on Record Sales
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October 20th, 2009
Apple Reports $1.67 Billion Quarterly Profit on Record Sales
Apple enjoyed its most profitable quarter ever, as the company set sales marks for both Mac and iPhone sales. The company announced earnings for its fiscal fourth quarter on Monday. For the quarter ending September 30, Apple reported a net profit of $1.67 billion, or $1.82 per share, on revenue of $7.9 billion. Those numbers blew away analysts’ earnings and revenue estimates of $1.42 a share and $9.2 billion in sales, respectively. Mac sales floated 17% over the year-ago quarter to 3.1 million units, setting a new quarterly record. While Apple sold 7.4 million iPhones this quarter, realizing a 7% unit growth over the same quarter last year. Continue reading…