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iPhone sales drive Apple to record setting Q4

October 19, 2009 by Will Park - Leave a Comment

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apple-logoApple has just announced their Q4 2009 financial report, and it’s looking like another record-setting quarter for the iPhone maker. Apple just posted a quarterly revenue of $9.87 billion, making for net quarterly profit of $1.67 billion. That left Apple with a per-diluted-share profit of $1.82, beating Wall Street’s most optimistic estimates of $1.60 by a considerable margin. Even in this gloomy economy, Apple’s iPhone has been selling well enough to help boost the company’s finances.

Apple reported 7.4 million iPhones sold in the fourth quarter, an increase of 7% over the previous year’s Q4. That figure is apparently a record for iPhone sales, according to Apple Chief Steve Jobs. And, with the iPhone expanding its global reach, Apple is expecting even better sales going forward.

Unfortunately, it looks like the iPhone detracted from iPod sales. Apple saw sales of its non-touchscreen iPod drop 8% compared to the same period last year, highlighting the move towards converged media players like the iPhone and iPod Touch.

Steve Jobs is looking forward to an even more exciting holiday shopping season, with “new products” lined up for 2010. We’re not sure what kind of new products to expect in 2010, but the iTablet and new iPhone are high on the list (for some).

[Update]
Apple COO Tim Cook also took a very Apple-esque jab at iPhone competitors with this little quote:

“We think people are trying to catch up with the first iPhone released two years ago.”

Apple Q4 financial results

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