Apple beats the street with $1.23 billion profit
That darned iPhone! Sales of iPhones and Macs turned out to be stronger than expected during the three-month period that ended on June 27th. Apple’s revenue for the quarter jumped up to $8.34 billion, with $1.23 billion of that logged as profit. That whumps last year’s $7.46 billion revenue and $1.07 billion profit.
Apple sold 2.6 million Macs, 10.2 million iPods and 5.2 million iPhones during the quarter.
The next three months are looking up as well. “Looking ahead to the fourth fiscal quarter of 2009,” Apple chief financial officer Peter Oppenheimer said in a prepared statement, “we expect revenue in the range of about $8.7 billion to $8.9 billion and we expect diluted earnings per share in the range of about $1.18 to $1.23.”
See the full press release for a great wonk-out on non-GAAP measures.
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About the Author, Paul Boutin
Paul (paul@venturebeat.com) covers Apple & the iPhone, social networks & social media, digital music & video, and any crazy Internet story. Paul wrote and edited for Valleywag from 2006-2008, after several years with Wired magazine and Slate. He writes regularly for The New York Times' technology section and sometimes for Wired and The Wall Street Journal. He studied computer science at MIT in the early 1980s, and worked as a software developer and network administrator for 15 years before becoming a professional writer. Follow him on Twitter at @paulboutin, and follow VentureBeat on Twitter at @venturebeat.