Apple Reports Record Earnings, Despite Recession
Posted in: Apple, iPhone, ipod, steve jobs, Today's ChiliRecession, reshmession. Apple defied the economic downturn for the fiscal quarter ending December 27, 2008. The company posted a $10.17 billion revenue and a net quarterly profit of $1.61 billion–both records for Apple. Those numbers are up from $9.6 billion and $1.58 billion respectively from the same quarter a year prior.
Much of stellar numbers can be chalked up to record sales for the quarter. Apple reported the sale of some 22.7 million iPods and 4.36 million iPhones for the time period, marking a three percent and 88 percent unit growth, respectively.
“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history–surpassing $10 billion in quarterly revenue for the first time ever,” Steve Jobs said in a statement issued yesterday.