David Richards

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Apple Reports Best Ever Result 6M iPhones Sold Last Qtr

Apple is steaming ahead despite an economic slowdown, with the Company selling 6,892,000 iPhones in the last quarter compared to 1,119,000 in the year-ago-quarter. They have also posted one of their best quarters ever with revenue of $7.9 billion, and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.