Apple Financial Report for Q1 2010: All-Time Highest Revenue and Profits
Apple Corporation released its latest financial results, for Q1 2010, starting at 2pm Pacific Time (5 am Bangkok) on Tuesday 26 January and the following highlights were revealed.
During the session, Oppenheimer also mentioned that the growth in desktop Macs had been 70% compared with the same period, while year over year sales showed an 18% growth in sales of portable computers. He mentioned certain countries during the presentation: Italy, France, Switzerland and Spain showed an increase of at least 40%; sales in Australia grew by 70%; China showed an increase of 100% in sales where as well as Mac sales some 200,000 iPhones were (officially) activated. Later he also referred to the Asia-Pacific region where sales of Macs grew by 54% and iPhones by 500% year over year. In education, sales of Macs increased by 16% in the period.
In a press release, Steve Jobs, Apple's CEO said, "If you analyse our quarterly revenue, itŐs surprising that Apple is now a $50+ billion company." In 2003, income was $5 billion annually and in the last 5 years sales of Macs have risen from just over 1 million quarterly to the current 3 million plus. Jobs added, "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." At the Conference call, Oppenheimer declined to comment on the new product, saying he did not want to spoil the surprise.
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