Breaks $10bn for first time.
Apple has reported very healthy fourth quarter results, with revenues breaking $10bn for the first time.
In contrast to other technology firms Apple had a storming last quarter, reporting its quarterly profit jumped to $1.61bn from $1.58bn in the same quarter last year. Revenue was up from $7.9bn to $10.17bn, much better than analyst predictions.
“We’re extremely pleased to report passing $10bn in revenue for first time in Apple’s history,” said chief financial officer Peter Oppenheimer.
He continued that sales of the MacBook were strong, up nine per cent on the year, but that desktop sales were down 25 per cent. Oppenheimer said this was in line with the declining popularity of desktop systems.
Overall however the results showed just how reliant Apple is on the iPod and iPhone product lines.
The company sold 22.7 million iPods, up three per cent on the year, and 4.4 million iPhones, up 88 per cent.
The fourth quarter is traditionally Apple’s best, since it benefits from strong Christmas sales. However the company warned that the first quarter of this year would be tougher and predicted revenues of $7.6-8bn.