Apple® announced its first quarter financial report and the good thing despite the ailing economy the company posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share.“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,” said Steve Jobs, Apple’s CEO.
“Our outstanding results generated over $3.6 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00.”
Despite the down economy, Apple seems to survive it but the question is the next quarter? With Steve Jobs taking six months out of office due to health reasons and Apple stock market unstable, we can expect a lot of colorful happenings with the following days. Even Obama takes his throne we can’t predict how it will be the following months, if it will be positive or worst.
