Print 33 comment(s) - last by sdfasdgdhasdf.. on Jan 30 at 1:08 PM

Apple rakes in the cash for fiscal Q1 2010

As if there weren't enough to look forward to from the folks at Cupertino this week, Apple today released its quarterly earnings after the closing bell and the results are no less than stellar. Results from fiscal Q1 2010 saw revenue shoot up to $15.6B while quarterly profits were $3.38B ($3.67 per share) -- these figures compared to $11.88B and $2.26B ($2.50 per share) respectively from fiscal Q1 2009. Gross margins were also up to 40.9 percent.

Apple CEO Steve Jobs was delighted to report the performance of his company and remarked that, “If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company.”

Apple sold 33 percent more Macs year-over-year during the quarter bringing the total to 3.36 million units. Apple also saw year-over-year iPhone sales double to 8.7 million units during the quarter -- the only sore spot was an eight percent year-over-year decline in iPod sales to 21 million units.

Jobs also alluded to the tablet which Apple is widely expected to announce during an event this Wednesday. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.” added Jobs.

Apple's tablet is expected to feature a 10" screen, include the requisite multi-touch support, and provide news reading and multimedia-centric features. A recent report from Flurry Analytics also suggests that the device will be running a version of the iPhone OS (ver 3.2) instead of the more full-features desktop variant of OS X.

Another interesting thing to note is the large increase in iPhone sales compared to the previous year. Apple has been slowly lifting the single-carrier exclusivity deals around the world, which is giving more customers the ability to jump on the iPhone bandwagon. Apple is widely expected to drop its exclusivity deal with AT&T this year -- the possibility of an iPhone on Verizon or T-Mobile's network in the United States could mean another surge in iPhone sales during fiscal 2010 (and another surge in profits for Apple).

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: More ambitious than ever
By biggsjm on 1/25/2010 10:17:43 PM , Rating: 0
iPhone can multi-task. That's why you can listen to music while sending that tweet. You are confusing the point that 3rd Party Applications are sandboxed and restricted from running background processes.

RE: More ambitious than ever
By MrBlastman on 1/26/2010 9:14:40 AM , Rating: 2
Tweets are a waste of time. Who cares what you are doing every minute of your life?

RE: More ambitious than ever
By Brandon Hill on 1/26/2010 9:28:26 AM , Rating: 2
You're right, it does have limited multi-tasking, and for the most part it works. I've never really understood why people complain so much about it though.

I've only come across one REAL annoyance with the OS when it comes to multi-tasking, and that's with Pandora. I can't listen to Pandora and do other things at the same time. However, I got over that pretty quick because I have about 20GB of music on my iPhone anyway.

The way I use my phone at least -- not counting Pandora -- multi-tasking is never an issue. I can listen to music in the background (iPod app) while using other apps, my emails come through in the background, and my internet session in Safari is saved whenever I leave the browser and come back.

All of my other apps (like Facebook) save my state when I hit the Home button, so when I come back to it, it's like I never left.

I'm sure there are people that have specific cases where the "lack of mult-tasking" is the thorn in their sides, but I just haven't found that to be the case. I even jailbroke my iPhone and used the backgrounder app to see what all the fuss was about. Other than being able to run Pandora in the background, it didn't really change my use of the device in any other way.

RE: More ambitious than ever
By FATCamaro on 1/26/2010 2:36:03 PM , Rating: 2
This is my problem as well. The other area where multi-tasking comes into play is some GPS aware apps. But it is a hugely overrated feature. The battery life on the iphone is frankly amazing and it is a joy to use (itunes is meh of course).

"DailyTech is the best kept secret on the Internet." -- Larry Barber
Related Articles

Most Popular ArticlesSmartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
UN Meeting to Tackle Antimicrobial Resistance
September 21, 2016, 9:52 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki