Apple sees 35 per cent growth

Strong quarter driven by iPhone sales but the firm is cautious about the future
Author:
Publish date:
7_CPW_InStore_CouchLaptop.jpg

Apple has reported excellent growth figures of 35 per cent for the fourth quarter, however it has prudently made a wide forecast for the December quarter, citing the economic downturn.

The high growth was driven by iPhone sales, which sold 6.9 million units and the highest recorded sales figures for the MacBook range, which grew by 21 per cent to 2.6 million units.

“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone,” commented Apple CEO Steve Jobs.

“We don’t yet know how this economic downturn will affect Apple. But we’re armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt.”

“Looking ahead, visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter,” said Apple’s chief finance officer Peter Oppenheimer. “We are providing a wide range for our guidance, targeting revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35.”

Elsewhere in Apple, the firm has agreed to settle its copyright infringement case against Psystar out of court.

Related