Apple reports "most profitable quarter ever"; net jumps 47 per cent | business | Hindustan Times
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Apple reports "most profitable quarter ever"; net jumps 47 per cent

business Updated: Oct 20, 2009 13:21 IST

Technology giant Apple has reported a whopping 47 per cent jump net profit at $ 1.67 billion for the fourth quarter, its "most profitable quarter ever", driven by record sales of smartphone iPhone and Mac computers.

Apple for the full year ended September 26, 2009, reported a 12 per cent growth in revenue and an 18 per cent increase in net income in "extraordinarily challenging times".

"We are delighted with our September quarter and fiscal 2009 results," Apple CFO Peter Oppenheimer said in a statement.

Revenue in the fourth quarter rose to $ 9.87 billion from $ 7.9 billion in the same period last year.

Apple CEO Steve Jobs said : "We are thrilled to have sold more Macs and iPhones than in any previous quarter. We've got a very strong line up for the holiday season and some really great new products in the pipeline for 2010."

The company said it has reported its "most profitable quarter ever", and expects the momentum to continue projecting a bullish guidance for the next quarter.

During the fourth quarter, Apple sold 3.05 million Macintosh computers, reflecting a 17 per cent rise over the year-ago period. It sold 7.4 million iPhones in the quarter, a rise of 7 per cent over the same quarter last year.