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Apple sells a whopping 8.7 million iPhones in Q1 2010

Apple has released their Q1 2010 numbers and once again they are impressive. When it comes to the iPhone they sold 8.7 million of them… which represents a 100% growth over the same quarter last year. Looks like there is no stopping the iPhone. Will there ever be an “iPhone killer”?

Here is part of the official release with all the glorious numbers:
“Apple today announced financial results for its fiscal 2010 first quarter ended December 26, 2009. The Company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share. These results compare to revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share, in the year-ago quarter. Gross margin was 40.9 percent, up from 37.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.

Apple sold 3.36 million Macintosh computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.7 million iPhones in the quarter, representing 100 percent unit growth over the year-ago quarter. Apple sold 21 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO. “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.”

“We are very pleased to have generated $5.8 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2010, we expect revenue in the range of about $11.0 billion to $11.4 billion and we expect diluted earnings per share in the range of about $2.06 to $2.18.”

More here at Apple

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Discussion

5 comments for “Apple sells a whopping 8.7 million iPhones in Q1 2010”

  1. I guess I am not the only one who LOVES the iPhone.

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    Posted by Larry | January 25, 2010, 7:53 pm
  2. I thought they would sell more than 8.7. I’m a bit disappointed.

    Nonetheless, it is pretty incredible how large the iphone business has become in just three years. From $0 to $5.5 billion per quarter in three years. Wow! That is truly remarkable. I struggle to think of any other business that has accomplished such a successful entry into a new market.

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    Posted by TNSF | January 25, 2010, 8:41 pm
  3. Boo (Palm investor :D )

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    Posted by Rich | January 25, 2010, 9:17 pm
  4. @Rich

    Palm is on to something big with their webOS and well designed hardware. I fully expect that they will either experience some good growth in the short term or will be acquired for a very hefty margin.

    I think Palm is a great speculation investment.

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    Posted by TNSF | January 25, 2010, 9:47 pm
  5. This is thanks to telus and bell as they have been selling lots of them. @TNSF yes if palm picks up their game and lets other carrier have the pre and pixi

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    Posted by r | January 29, 2010, 3:56 pm

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