Wednesday, January 21, 2009

Apple Reports First Quarter 2009 Earnings

Today after the close of trading Apple reported their first quarter fiscal 2009 results. Apple beat consensus analyst estimates, posting $10.17B in revenue on $1.61B in net income, which translates to EPS of $1.78.  Apple sold 2.5M Macs, 22.7M iPods, 4.3M iPhones and generated $3.6B in cash. Gross margin was at 34.7%. On a non-GAAP basis, ignoring subscription-based accounting used for the iPhone and AppleTV, revenue was $11.8B on $2.3B of net income. Apple shares closed up $4.63 to $82.83 and in after hours rose a further $7.87 to $90.70. Apple's guidance for the second quarter was below analyst estimates, as usual, at $7.6B-$8.0B in revenue and EPS of $0.90-$1.00.

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