Apple posts quarterly earnings

January 27, 2010

apple4

Apple already posted its 2010 first quarter earnings of $3.38. The company sold a total of 8.7 million iPhones in the first quarter alone, which it says was a 100-percent increase in unit sales from the same time period last year. In a convention call, Peter Oppenheimer, senior vice president and CFO of Apple, said that the App Store also surpassed 3 billion downloads. 3.36 million Macs were also sold, and 21 million iPods, which accounted 33 percent and eight percent increases over the year-ago quarter, respectively. In total, the company generated over $5.8 billion in cash in the first quarter, too, and expects its revenue range to be between $11 and $11.4 billion in Q2.

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