Apple shines again with excellent Q1 resultsApril 22nd, 2010 - 11:44 pm by Wajiha H.
Apple is the one company which has kept its winning streak consistent. They have been doing exceptionally good of late and that is no secret to anyone. It’s that time of the year when quarter reports by different companies are released and as everyone was expecting Apple has again come out at the top. Revenue of 13.50 billion US dollars was recorded by the company which means a net quarterly profit of 3.07 billion US dollars.
Yes these are exceptional results. When you compare these results to those of last year’s you will see that last year they earned revenue of 9.08 billion dollars and a total profit of 1.62 billion dollars was achieved in the same quarter! Gross margin has risen to 41.7 percent, up from 39.9 percent in the year-ago quarter.
Apple’s international sales have gone up once again and make almost a half of the total revenue (58 percent to be precise). Apple has approximately sold 8.75 million iPhones in the last few months which precisely is more than twice as much as the same period of last year (3.79 million). We can compare it with the previous quarter of course which will be around 8.73 million iPhones shipped during the holiday season.
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