Apple sees record results - PC Retail

Apple sees record results

Despite downturn, vendor manages to turn in best non-holiday revenue and profit
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Apple has reported its best non-holiday results in the company's history, with second quarter profits hit $1.21bn, boosted by increased sales of iPods and iPhones compared to 2008.

Despite concerns over how heavily Apple would be hit during the recession, the vendor managed to increase its second quarter revenues over 2008's figures by $650m to $8.16bn.

Sales of iPods were up three per cent at 11.01m sold, however, it was the year-on-year performance of the iPhone, which stood out, with unit sales up 123 per cent at 3.79m devices.

Apple was hit by the recession in one area, with sales of its Mac range down three per cent at 2.22m units worldwide.

Speaking to investors, Apple's chief financial officer Peter Oppenheimer was positive about the results. "We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history. Apple's financial condition remains very robust, with almost $29 billion in cash and marketable securities on our balance sheet."

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