Apple’s Strong 4Q Results

Better-than-expected sales of iPhones, Macs drive sales
Posted October 20, 2009

Apple Inc. (Cupertino, Calif.) reported a 46 percent increase in its fiscal fourth-quarter earnings. The company says it earned $1.67 billion on revenue of $9.87 billion. During the same period a year ago, Apple earned $1.14 billion on $7.9 billion in sales. Analysts had forecasted that the computer company’s revenue would be around $9.2 billion.

Apple reports sales of iPhones and Macs tallied 7.4 million and 3 million respectively during the quarter ended Sept. 26. Sales of the company’s iPod continued to drop, with Apple selling 10.2 units during the quarter, an 8 percent decline from a year ago.

The news sent Apple’s shares up more than $12, or as much as 6.5 percent, in after-hours trading to $202.20 on Monday.

In a statement, ceo Steve Jobs says Apple has “some really great new products in the pipeline for 2010," though no further details were given.