Recession Effect: Apple posts record earnings :P
January 22nd, 2009 by Annkur
Heard of global recession? Thats the most talked about term amongst newspaper readers these days. But come under the Apple Tree and see how green the red Apple’s actually are.
Apple has reported a $1.6bln profit last quarter against revenues of $10.17bln. Apple saw a rise of 9% in Mac sales, a 88% jump in iphone sales (i.e. 4.3M pcs sold), iPod sales went up by 3%. Also announced; Apple has sold 17 million iPhones till date.
So much for the recession, while competitors are busy with layoffs and attempt to trunaround loss making ventures – Apple’s are getting more and more sweeter.
Via Engadget
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Categories: Apple, Tech Industry News | Tags: Apple, apple growth, iphone, mac, recession
[...] $1.6B in profits and warning its competitors was not the only thing that Apple did during its first quarter earnings [...]
Hi..
We are indeed going through an unwelcome time period.
Why dont you take a look at angstcorner.com to have some fun ?
cheers!
apple had an exceptional year.
dnt frgt the had sme gr8 products too.
recession or no recession i guess the bottom line is
GOOD PRODUCTS WILL SELL, irrespective of market conditions.
i Agree, Hopefully Macs get cheaper this year … I wanna buy1 !
[...] three fold from 0.3% in 2007. Apple has sold over 13million iPhone 3G’s in 2008 and till date 17 million iPhones has been sold worldwide. Apple also has a significant share in the smartphone market. That was around 17% [...]
[...] scored the maximum for innovation and thats exactly what it is known for. Even during recession time Apple is known to post record numbers and increase sales. This is the best example of innovation that we can [...]
[...] AAPL hits $140, 62% jump since Jobs took leave Posted by Ankur on Tuesday, June 2, 2009, 17:05 Apple CEO Steve Jobs is yet to return from his medical leave, but things look mighty strong for Apple. The iPhone / App Store / Macs all are doing great and the company still posts record numbers Q after Q even in recession times. [...]
the Economic Recession has been pretty hard on us. some of my friends lost their job because of the massive job cuts. i just hope that our economy becomes better in the following years.
i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.
the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again.
I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.