Apple posts surging profits on iPhone and Mac sales

20 October 2009

Apple has bucked the trend for declining year on year profits, posting a fourth quarter rise of 47%. The company made a net profit of $1.67bn, up from $1.14bn a year earlier, and saw sales rise by 25% to $9.87bn. While a number of technology companies have recently reported improved results, these are generally quarter on quarter comparisons, rather than year on year. The recession busting results were put down to a 500,000 unit jump in iPhone sales to 7.4 million during the final quarter, and a 17% leap in Mac sales, to 3.1 million units. Apple did however see an 8% drop in iPod sales. Full year results saw revenue rise 12% and net income up 18% on 2008 figures to $5.7bn.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.