Apple earns $3.38 billion in Q1
Written on January 28, 2010
Apple Inc. earned $3.38 billion on revenue of $15.68 billion in the first quarter ended Dec. 26.
A year earlier, the Cupertino maker of computers, iPhones and iPods (NASDAQ: AAPL) earned $2.26 billion on revenue of $11.88 billion.
The company’s sales of its Macintosh computers rose by a third over the first quarter a year earlier, and it doubled sales of iPhones, selling 8.7 million of them in the most-recent quarter. Sales of iPods slipped 8 percent to 21 million online payday loans.
Peter Oppenheimer, Apple’s chief financial officer, said the company generated $5.8 billion in cash during the first quarter.
Apple has been building hype for a new product to be unveiled this week, and Oppenheimer made sure to mention it in his press statement.
Apple had $7.6 billion in cash and near money at quarter’s end.
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