Tuesday, October 20, 2009

Another strong quarter for Apple; credit von strong Mac sales

Apple said Monday that Mac computers and the iPhone saw the strong over the years, sales jumped in the fourth quarter, allowing the company to beat Wall Street expectations again in the fourth quarter and sent the stock higher in after hours.

Apple today announced fourth quarter revenue of 1.67 billion U.S. dollars, or $ 1.82 per share, on sales of 9.87 billion U.S. dollars, up from 7.9 billion U.S. dollars in the quarter a year ago. Wall Street analysts were expecting earnings per share of $ $ 1.42 on revenue of $ 9.2 billion dollars. (Data, Techmeme)

For the fiscal year, the company recorded revenues of U.S. $ 5.7 billion, or $ 6.29 per share, on sales of 36.5 billion dollars to 32.5 billion U.S. dollars last year. In a statement, said Chief Financial Officer Peter Oppenheimer, Apple:

We are delighted with our partners in the September 2009 quarter financial results. For a full year, we grew revenue by 12 percent and net income by 18% in some cases very difficult.

Looking to the future, Oppenheimer said it expects revenue for Q1 2010 to between 11.3 billion U.S. dollars for up to $ 11.6 billion and earnings per share of $ 1.70 to $ 1.78.

The fourth quarter was a busy one for Apple. Steve Jobs made his first public appearance since undergoing a liver transplant during the sick leave of absence earlier this year. Aa job hosting this event in September in San Francisco, where he was an update for the iPod and iTunes on the Internet. During the quarter the company also plans to release Snow Leopard and the iPhone in China was provided by China Unicom said it reached a three-year contract for the sale of 3G and 3Gs in the country. It is also regulators in Washington to the current issues in voting for the application suites iPhone / iPod Touch.

Highlights of the quarter:

MAC sales: The company shipped 3.05 million Mac computers, up 17 percent from last year in the quarter-finals. In the report of the third quarter, IDC Gartner show market share gains for Apple in the United States to 9.4 percent per year, over the years to get nearly 12 per cent.

IPod: The company sold 10.2 million in the quarter iPods, a decline of eight percent from a year ago. Lord of the capital markets, analyst Mike Abramsky said in a note to investors that he sees iPods shrinking the market - in spite of adding video recording capabilities - it is replaced by an interest in the iPhone and other smart phones. Analysts expected sales of $ 9.9 million iPods.

IPod Touch: The company does not go iPod Touch sales, but said that sales were 100% and the company expects that the growth of a new $ 199 entry price point.

IPhone: The company sold 7.4 million phones in the quarter, and seven percent jump in more than a year. During the quarter, China Unicom announced a three-year contract to sell the iPhone in the most populous country in the world.

Companies: Google Chief Executive Eric Schmidt to leave the Board of Directors of Apple's fears that competition between the companies (in particular, iPhone and Android smartphone against Macintosh, operating system chrome to come.)

Accounting: During a call with analysts and executives said that changes in accounting rules that are likely to benefit Apple, since it allows the proceeds of the iPhone and Apple must be recognized immediately, instead of 24 months. Adopted earlier this year, the companies have so far in the next year for adoption of new accounting processes. Apple said it believes that the new rules will allow a better reflection of the outcome - and analysts believe that number will increase revenue from Apple - but still looking for ways in which it will pass. It did not set a timetable for changover and prospects in the next quarter to reflect the deferred income method.

Apple shares were less than one percent in regular trading, closing at $ 189.86. The shares are up after hours, and more than eight percent.

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