Apple sells 4.36 million iPhone 3Gs in quarter

Apple announced financial results for its fiscal 2009 first quarter ended 27 December 2008, posting record revenue of USD 10.17 billion and record net quarterly profit of USD 1.61 billion. This compares to USD 1.78 per diluted share. In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone and Apple TV over their economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures for the quarter are USD 11.8 billion of Adjusted Sales and USD 2.3 billion of Adjusted Net Income. Apple sold 2,524,000 Macintosh computers during the quarter, representing 9 percent unit growth over the year-ago quarter and at the same time, Apple sold a record 22,727,000 iPods during the quarter, representing 3 percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter. In total, Apple sold 11.26 million iPhone 3Gs and 6.1 million first generation iPhones.

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