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Apple posts 1.23 bln dlr profit in latest quarter

Yahoo! beats expectations with 143-mln-dlr profis in quarter
Yahoo! on Tuesday reported second-quarter profit of 143 million dollars, beating Wall Street expectations for the pioneering Internet firm. Yahoo! said its net income in the quarter ending June 30 was 10 cents per share, compared to nine cents per share, or 132.4 million dollars, in the same period last year. "I'm pleased with our results this past quarter," said Yahoo! chief executive Carol Bartz. "We established a clear, simple vision to be the center of people's lives online, and we're backing that vision with important initiatives to create 'wow' experiences for our users." Yahoo! reported that net revenue for the quarter slipped to 1.14 billion dollars from 1.35 billion dollars in the same quarter in 2008.
by Staff Writers
 San Francisco (AFP) July 21, 2009
 Apple on Tuesday reported 1.23 billion dollars in profit in its latest fiscal quarter on strong sales of iPhones and Macintosh computers.

Apple said the quarter that ended June 27 saw profit of 1.35 dollars per share as compared to 1.19 dollars per share, or 1.07 billion dollars, in the same period last year.

The Cupertino, California-based company reported revenue of 8.34 billion dollars in the quarter as compared to 7.46 billion in revenue in the same three-month period in 2008.

"We're making our most innovative products ever and our customers are responding," Apple chief executive Steve Jobs said in an earnings release.

"We're thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year."

Sales of iPhones rocketed 626 percent as compared to June of 2008, according to Apple.

Apple reported that sales of Macintosh computers rose to 2.6 million, four percent higher than the same quarter last year.

However, sales of iPod MP3 players dipped seven percent to 10.2 million in a year-over-year comparison, Apple reported.

"We're extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of 2.3 billion dollars," said Apple chief financial officer Peter Oppenheimer.

"We are very proud of this result, particularly given the economic climate around us."

Oppenheimer said Apple expects revenue in the current quarter to be in the range of 8.7 to 8.9 billion dollars and earnings per share to be from 1.18 dollars to 1.23 dollars.

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