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MARKETING JOBS

iPhone Sales Keep Apple on Top


Oh, to live in a world
manufactured by Jobs

Apple's Q4 fiscal earnings totaled $1.14 billion ($1.26 per share) on revenue of $7.9 billion.

The company beat Wall Street expectations of $1.11 per share on $8.05 billion in revenue. Notably, it sold 6.9 million iPhones, outpacing its goal of 10 million sold for '08. (When the iPhone 3G debuted last summer, three million units were sold in the first month.) iPhone now comprises 39 percent of total business.

11 million iPods were sold this quarter, up eight percent from last year — a record for a non-holiday quarter. Market share for portable music players remained above 70%.

Active accounts on iTunes, Apple's digital music, movie and TV show store, total 65 million. The catalog includes 8.5 million titles.

2.61 million Mac computers were shipped, a 21 percent increase over this time last year, setting a company record for a single quarter, reports ZDNet.

All told, Apple boasts $25 billion in cash and no debt. In a call with analysts, Steve Jobs suggested Apple would be "[investing its] way through this [economic] downturn."

Shares of Apple closed at a seven percent down in regular trading yesterday ($91.49). The stock regained seven percent in after-hours training.

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