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Tuesday, January 26, 2010

Apple reveals quarterly results and confirms "major new product" coming

Apple has announced results for the first quarter of its 2010 financial year, which is the three-month period ending 26th December 2009. The figures show revenue of $15.68 billion and a net quarterly profit of $3.38 billion, although comparisons with previous quarters aren't particularly straightforward because the company has adopted new accounting standards.

Apple sold 8.7 million iPhones in the quarter – twice as many as the same quarter in 2009 – along with 21 million iPods (down 8% year-on-year) and 3.36 million Macintosh computers (up 33% year-on-year).

In a statement that most industry-watchers believe refers to a forthcoming 'iPad' tablet computer, Apple CEO Steve Jobs said "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."

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Author: The Fonecast
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